Exxon Mobil and Chevron Push Back Against Biden’s Blame For Oil Prices
ExxonMobil and Chevron released statements this week saying the Biden administration could be doing more to address oil prices as the president has gone after the companies for making large profits while gas prices spike.
On Tuesday, President Biden slammed oil executives in a letter saying they had unacceptably high profit margins while regular Americans are suffering and calling on the industry to work with the administration to address increased prices from the Russian invasion of Ukraine.
“We understand the significant concerns around higher fuel prices currently faced by consumers around the country, and the world. We share these concerns, and expect the Administration’s approach to energy policy will start to better reflect the importance of addressing them,” Chevron said in a statement targeting Biden.
