Birdwatch Note Rating
2022-07-07 04:07:14 UTC - NOT_HELPFUL
Rated by Participant: 238938F8A35959DAFA9518817DEB65AA
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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