Birdwatch Note Rating
2022-07-05 15:35:40 UTC - NOT_HELPFUL
Rated by Participant: 690A056FC3AE7E5A14B668462AB59014A5901EA2D4E7A5A6F2F2366BF1A06A40
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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