How Troubled Oil and Gas Firms Rode a Government bailout to Bigger Profits

Fresh analysis from BailoutWatch finds that oil and gas companies that got billions in direct government bailouts are minting money faster than the industry overall as fossil fuel companies post record-high profits driven by punishing gas prices and the war in Ukraine.

Latest On Bailout

Reports, news, and analysis on how the fossil fuel industry is using federal bailout money.

How Occidental Petroleum Turned A Government Bailout Into A Mountain Of Cash

Occidental is the poster child for risky drillers reliant on government support

Joe Manchin (left) and Kyrsten Sinema (right) walk together through the halls of congress

Sen. Sinema Seeks To Preserve “Carried Interest” Tax Break, Fueling Climate Disaster

Sen. Sinema’s play to protect private equity loophole would be a win for dirty energy

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Big Oil Workers Face Pay Cuts and Layoffs While CEOs Cash In

Big Oil blames workers jumping ship for its labor problem. The real reason: A widening pay gap between CEOs and workers.

All-American Oligarchs: The Big Oil CEOs Profiting From War in Ukraine

Fresh analysis from BailoutWatch and Friends of the Earth finds oil CEOs are billions of dollars richer than they were at the start of the Biden Administration, and have sold shares in their companies worth tens of millions of dollars in the weeks since the war became inevitable.

President Trump signed the Paycheck Protection Program Flexibility Act in the early days of the pandemic.

How Troubled Oil And Gas Firms Rode A Government Bailout To Bigger Profits

Oil and gas companies that got billions in direct government bailouts are minting money faster than the industry overall, a new BailoutWatch analysis has found, as fossil fuel companies post record-high profits driven by punishing gas prices and the war in Ukraine.