Oil Executives Testify on High Gas Prices
2022-04-08T14:28:31-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOGU0XC8yMDIyMDQwNjEwNTgwMjAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Oil executives with BP, Chevon, Devon Energy, ExxonMobil, Pioneer, and Shell defended their companies' operations and profits amid rising oil and gas prices during a House Energy and Commerce Subcommittee on Oversight and Investigations hearing. Chevron CEO Mike Wirth said the company does not control prices and stressed it has no tolerance for price gouging. ExxonMobil CEO Darren Woods offered a short-term solution and said the only way to lower prices is to increase the supply. The oil companies acknowledged what was happening in Ukraine and condemned Russia’s actions. With regard to Russian oil, the executives said they had acted to end operations and/or relations with Russia as Vladimir Putin continue to attacking Ukraine.
Oil executives with BP, Chevon, Devon Energy, ExxonMobil, Pioneer, and Shell defended their companies' operations and profits amid rising oil and… read more
Oil executives with BP, Chevon, Devon Energy, ExxonMobil, Pioneer, and Shell defended their companies' operations and profits amid rising oil and gas prices during a House Energy and Commerce Subcommittee on Oversight and Investigations hearing. Chevron CEO Mike Wirth said the company does not control prices and stressed it has no tolerance for price gouging. ExxonMobil CEO Darren Woods offered a short-term solution and said the only way to lower prices is to increase the supply. The oil companies acknowledged what was happening in Ukraine and condemned Russia’s actions. With regard to Russian oil, the executives said they had acted to end operations and/or relations with Russia as Vladimir Putin continue to attacking Ukraine. close
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