Sharing the wealth

[bruce MN]

SNIP

Faced with calls to share the oil industry’s 2022 windfall with the American people, Exxon CEO Darren Woods says he’s doing just that — in the form of a big dividend payout to shareholders. No really. I’m not kidding. “There has been discussion in the U.S. about our industry returning some of our profits directly to the American people,” says Exxon Chief Executive Officer Darren Woods. “That’s exactly what we’re doing in the form of our quarterly dividend.”

In case you live under a rock, shareholder dividends are not actually sent to the American people. They’re sent to the owners of Exxon, shareholders. So Exxon is sharing the wealth with the American people in the sense of making a lot of profits for Exxon and sharing it with the company’s owners.

https://talkingpointsmemo.com/edblog/exxon-chief-were-getting-rich-on-behalf-of-the-american-people

[rsbs]

Bruce, can't you purchase Exxon stock, too?  It is one of the bright spots in my self-managed portfolio, along with Toro and some of the household goods stocks my wife wanted. She has a knack for picking the winners.

Or just turn over your stash to Karen, and see it multiply exponentially, right?

[r3020]

The molester in chief said he was going to put the oil companies out of business. Now we see how.

So under the molester in chief the oil companies have record profits. But they did not under Trump. Hummmmmm.

[sam1wiseone]

Democrats are calling for the oil industry to be nationalized like they did in Venezuela

[sdholloway56]

The hypocrisy knows no end.

Nobody is stopping them from drilling more except them.

Not, of course, that that’s the entire answer but it isn’t like anyone comes here in order to actually better understand anything better.

[r3020]

Funny how this wasn't a problem under Trump. And then we select a man who's claim to fame is he is going to put the oil industry out of business. Even promised to hold the CEOs responsible for any "climate crisis" and suddenly there is a shortage.

[sdholloway56]

Your disingenuousness also knows no bounds.

[r3020]

What disingenuousness? Everything I said is truth.

[dwillinois]

Its all about permits and pipelines 

Biden campaigned on ending fossil fuels period ...promises mad promises kept 

Now we are going to bury Paul Pelosi's gay night gone bad and do the horrible profiteering from big oil 🤣

Policies placed by the * regime have allowed this 

What happened to wind solar and ev's thought we were just supposed to get over oil and charge up😂

[sdholloway56]

Actually, production collapsed under Trump.

Demand just hadn’t fully caught up by the time he lost.