Data

Visualizing the data behind the bailout.

Data

Big Oil's Wartime Buyback Bonanza

Amid high gas prices and war in recent months, the US's largest oil and gas companies have seen profits soar. These 20 companies, who received billions in taxpayer dollars during the coronavirus crisis, are using windfall profits to buyback billions of dollar worth of shares to enrich shareholders and executives. In the first five months of 2022, eight companies authorized plans to buy back and retire $46 billion in stock — a 116% increase over the $21.2 billion in buybacks authorized throughout all of 2021. A full $36 billion of those buyback authorizations came since the start of February 2022, as Russian preparations for their eventual invasion of Ukraine sent oil prices skyrocketing.

Graph showing dividend increases year over year from Q1 2021 to Q1 2022 for the 20 largest U.S. oil and gas companies.

Big Oil's Wartime Dividend Bump to Wall Street

Amid high gas prices and war in recent month, the US's largest oil and gas companies have seen profits soar. These 20 companies, who received billions in taxpayer dollars during the coronavirus crisis, are passing newfound profits off to Wall Street in the form of massive dividend payouts. Eighteen of the companies reviewed in the report linked below increased their dividends in the past year. Eleven of the companies increased their payouts by at least 100%, some from zero, since the first quarter of 2021. On top of record quarterly dividend payouts, five of the company's past further profits onto shareholders in the form of variable dividends.

Read more

smokestacks fossil fuels

Main Street Lending Program Loan Recipients

Federal Reserve purchases of loans to oil and gas companies exploded in December, increasing by $1.12 billion and continuing the MSLP's disproportionately favorable support of fossil fuels. Companies rushed to take advantage of the lending program before its sunset at the end of 2020. Nearly 13% of the loans purchased by the Main Street Lending Program were issued to fossl fuels, compared to just 1% for clean energy. As of December 31st, outstanding loans to oil and gas companies totaled $2.22 billion.

Read more

Browse by Topic