BRIEF
Profits Nearly Triple for the Largest U.S. Gas and Oil Companies Under Biden Administration
According to the Financial Times, profits of the largest U.S. oil and gas companies have almost tripled since the beginning of the Biden Administration. During the Trump administration, the combined net profit of the 10 largest oil and gas companies was $112 billion USD. Today, the combined net income of those same corporations during the Biden era has increased by $201 billion USD to a total of $313 billion USD.