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A Landmark Victory for Consumers and Climate as California Passes Big Oil Price Gouging Law

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BBCNEWS Click June 4, 2024 01:36:00

maybe we should give them some money. i m not sure oil profiteering is a good comment. most of the oil industry is a price taker. the price of oil is set in the world market, the industry itself cannot lower the price, only thing it can do is produce more oil. in recent weeks, some of the big oil companies have been distributing these record profits to shareholders. what s driving them to do that, rather than investing more of it into green technologies, refineries, exploration? investors are demanding in order to have access to this capital and equity that they get their rate of return on their investment. so part of it is that. it is not a bad way to reward investors, through buy backs, it s much better than dividends, because dividends

BBCNEWS Talking Business June 4, 2024 01:36:00

maybe we should give them some money. i m not sure oil profiteering is a good comment. most of the oil industry is a price taker. the price of oil is set in the world market, the industry itself cannot lower the price, only thing it can do is produce more oil. in recent weeks, some of the big oil companies have been distributing these record profits to shareholders. what s driving them to do that, rather than investing more of it into green technologies, refineries, exploration? investors are demanding in order to have access to this capital and equity that they get their rate of return on their investment. so part of it is that. it is not a bad way to reward investors, through buy backs, it s much better than dividends, because dividends create the expectation that they will continue.

ExxonMobil Makes Record-Breaking $59 Billion in Profits

ExxonMobil Makes Record-Breaking $59 Billion in Profits
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