A warning from President Biden could dampen the get together ambiance for Big Oil’s anticipated 3rd-quarter earnings bonanza.
Biden, who is concerned about significant gasoline rates, reported previous 7 days that oil providers should really be a lot more targeted on raising oil provides to provide down costs than on rewarding shareholders. “My message to the American power corporations is this: You should really not be employing your income to get back inventory or for dividends,” he claimed in a speech at the White House. “Not now. Not though a war is raging.”
A warning from President Biden could dampen the get together ambiance for Big Oil’s anticipated 3rd-quarter earnings bonanza.
Biden, who is concerned about significant gasoline rates, reported previous 7 days that oil providers should really be a lot more targeted on raising oil provides to provide down costs than on rewarding shareholders. “My message to the American power corporations is this: You should really not be employing your income to get back inventory or for dividends,” he claimed in a speech at the White House. “Not now. Not though a war is raging.”
