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Biden Is Right to Question Big Oil’s Stock Buybacks

admin by admin
December 5, 2022
in Oil & Energy


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In Russia’s war on Ukraine and its innocent civilians, US oil companies are indisputable beneficiaries, posting their widest profit margins since at least 1990. The biggest winners in an otherwise dismal stock market this year also used the record bonanza to purchase their own shares and boost dividends to shareholders. That’s when President Joe Biden cried foul:

“My message to the American energy companies is…



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