Birdwatch Note Rating
2023-07-01 13:44:24 UTC - NOT_HELPFUL
Rated by Participant: 049E9E249CF132BD220934A2301413303C9F83D5CC0D861A6488BB5A903CCA42
Participant Details
Original Note:
The rise in gas prices are a result of pricing power, not increased costs. In the first quarter of 2022, Shell, ExxonMobil, BP, Chevron, and ConocoPhillips’s profits were 300% more than in the first quarter of 2021, over $35 billion in profits in three months. https://www.businessinsider.com/gas-prices-oil-company-profits-skyrocketing-energy-sector-earnings-charts-2022-5
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