Tag Archives: BP

WASHINGTON — Top executives of major U.S. oil companies defended themselves Wednesday from allegations they are exploiting tight international energy markets to rack up blockbuster profits while American consumers suffer at the pump. Darren Woods, chairman and CEO of Irving-based Exxon Mobil Corp., pointed to how the pandemic crushed oil demand so completely that crude prices briefly dipped into negative territory, a …

WASHINGTON — Top executives of major U.S. oil companies defended themselves Wednesday from allegations they are exploiting tight international energy markets to rack up blockbuster profits while American consumers suffer at the pump. Darren Woods, chairman and CEO of Irving-based Exxon Mobil Corp., pointed to how the pandemic crushed oil demand so completely that crude prices briefly dipped into negative territory, a …