Olivia Rosane is a staff writer for Common Dreams.
U.S. oil companies ExxonMobil and Chevron announced their second-highest profits in a decade on Friday, with both companies paying out a record amount to shareholders in 2023, which was the hottest year on record due largely to the burning of fossil fuels . 'In 2023, we returned more cash to shareholders and produced more oil and natural gas than any year in the company's history,' Chevron chief executive Mike Wirth boasted in a statement.
' Global Witness said that the combined nearly $59 billion that the two companies paid to shareholders was equal to what every household in California and Texas paid in energy bills last year and would be enough to pay for nearly two-thirds of the damages from the year's worst weather disasters in the U.S. 'This greedy company drains our wallets, drills in our neighborhoods, and poisons our air, all while locking us into a future filled with climate-driven disasters.
Chevron Climate Emergency Environmental Justice Extreme Weather Fossil Fuels Global Witness Greenpeace Inequality Exxonmobil
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