Birdwatch Note Rating
2022-07-05 20:33:15 UTC - HELPFUL
Rated by Participant: DF9B4F96D5C92B2C6016A8D2B0F5F9A1D9409C60945FA45C57E049A8A19B7B70
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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