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HomeWindfall Profits

Windfall Profits

ExxonMobil
Big Oil Companies

ExxonMobil labels EU windfall tax ‘counterproductive’ as it launches legal challenge

December 29, 2022 Mariel Alumit

Energy major ExxonMobil said Dec. 29 that it has launched a legal challenge against the windfall tax imposed by the EU on oil and gas company profits, labelling the measure “counterproductive” and calling for more […]

Biden
Crude Oil News

President Biden Wants To Tax Oil Companies –Good Politics, Bad Economics?

November 7, 2022 Mariel Alumit

President Biden wants to bring gas oil prices down by threatening to tax oil companies, which have been benefiting from the spike in oil and gas prices in the first place. And he isn’t alone in […]

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