Environment & Energy
Related: About this forumHow much money do oil CEOs make?
How much money do oil CEOs make?
by Staff Writer | August 4, 2023
...ExxonMobils CEO, Darren Woods earned $35.9 million in 2022, 50% higher than his previous year pay...
...Chevron Corp.s Chief Executive Officer Mike Wirth got a raise of about 10%, taking his 2023 base salary to $1.85 million as the company reaped bigger profits and cash flow in the past year, thanks to higher energy prices....
You'd smirk too if you banked a million dollars a month!
...BP CEO Bernard Looneys 2022 pay packet more than doubled to around $12 million on the back of bumper profits amid spiraling energy prices, while BPs emissions were broadly unchanged, its annual report shows...
London-based Shell paid its former CEO Ben van Beurden $11.5 million in 2022 as annual company profits doubled to an all-time high of $40 billion after Russias invasion of Ukraine sent oil and gas prices soaring...
https://www.oilandgasmiddleeast.com/news/how-much-money-do-oil-ceos-make
Is George Carlin even popular here anymore?
rsdsharp
(9,197 posts)orthoclad
(2,910 posts)How do you "earn" this kind of money, money that came from people paying at the pump?
Here's one way:
"The environmental and human rights lawyer Steven Donziger joins us just before he is ordered to report to jail today, after a years-long legal battle with the oil company Chevron and 813 days of house arrest. In 2011, Donziger won an $18 billion settlement against Chevron on behalf of 30,000 Indigenous people in Ecuador for dumping 16 billion gallons of oil into their ancestral land in the Amazon. Since the landmark case, Donziger has faced a series of legal attacks from Chevron and a New York federal judge, who has employed a private law firm linked to the oil company to prosecute him. "
https://www.democracynow.org/2021/10/27/steven_donziger_judicial_harassment_from_chevron
Successfully buying politicians, influencing legislation, oppressing poor people and dissidents, churning out reams of greenwashing and propaganda. Nothing to get their hands dirty.
Most of the oiligarch corporations' increased profits derive from Russia's invasion of Ukraine and turmoil in energy markets. Capitalism loves chaos!