Hi,

ExxonMobil just crushed the record for the most profitable year in the
history of the ENTIRE western oil industry. They netted $56 billion in
profit in 2022!^1

The fact that this happened the same year gas prices went through the roof
makes it very clear what exactly was going on. The White House has now
twice called out the oil industry for price gouging consumers^2,3 and it’s
time for Congress to respond by passing the Windfall Tax.

[ [link removed] ]Sign the petition: We need a Windfall Profits Tax! In 2022, ExxonMobil
set a new record for the most profitable year in the history of the
western oil industry.

ADD YOUR NAME

ExxonMobil isn’t the only one exploiting consumers, fossil fuel companies
across the industry saw historically massive profit margins. The combined
industry profit this year is almost $200 billion!^4 Instead of investing
these massive profits into lowering prices, corporations have been sending
it to their shareholders in the form of stock buybacks.

This is all a result of disgusting greed and exploitation. The oil
industry took advantage of the war in Ukraine and public anxiety around
inflation to jack up gas prices. CEOs at ExxonMobil and Shell are drenched
in obscene profits while regular working people have been crushed by
soaring prices. Congress must pass the Windfall Profits Tax.

[ [link removed] ]Sign the petition: We need the Windfall Profits Tax! Big oil
corporations have price gouged and profiteered off the War in Ukraine and
inflation anxiety. Now they are swimming in record-breaking profits.
Windfall Profits Tax, NOW!

Thanks for taking action,

Miguel and the team at Demand Progress

[ [link removed] ]DONATE

Sources:
1. Reuters, “Exxon smashes Western oil majors' profits with $56 billion in
2022,” [ [link removed] ]January 31, 2023.
2. The Guardian, “Biden accuses oil companies of ‘war profiteering’ and
threatens windfall tax,” [ [link removed] ]October 31, 2022.
3. Reuters, “White House blasts Exxon over historical $56 bln annual
profit,” [ [link removed] ]February 1, 2023.
4. Reuters, “Exxon smashes Western oil majors' profits with $56 billion in
2022,” [ [link removed] ]January 31, 2023.
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