Big five oil companies to reward shareholders with record payouts

by Tyler119

7 comments
  1. Before people get confused in the comments, and this turns into “my energy supplier just put my prices up” again.

    The people you buy energy off are not the people creating barrels of oil. These are the barrel of oil people, which are effectively forcing energy suppliers to up their bills to you by raking in huge profits per barrel.

    It’s one of the issues when I hear “we need a public energy company” because that won’t solve the problem. What we need is a public oil and gas company, so that price per barrel does not sky rocket on the whims of the Saudis next time Russia cuts off the gas supply. You know… like BP used to be.

    And before you suggest renewables, yeah, that’s a great option too… or it would be as long as we build them ourselves for ourselves rather than the current one which has over 50% owned by other states, so that they can charge us more and use that money to subsidise their own countries lower energy costs.

    Remember how we are building that huge nuclear power plant that we paid for, and the idea was to have the Chinese run and profit off it? Yeah, that’s how the UK does energy.

  2. Oil is expensive cause it’s in a private hands 🙂 (if oil fields would be on a hand of nation there would br no need to raise its price). Take a look at saudi arabia. Locals have oil cheaper than water 🙂 but if you want to buy it you will pay dearly. I am just thinking loud.

  3. Record payouts, at some point will put a target on these peoples heads for profiteering and basically being against humanity by not caring about other people are the current financial situation in the world.

    Enjoy your greed whilst you can.

  4. And cue 100s of dim-witted comments from the perpetually outraged, jealous and economically illiterate.

  5. Its almost as if thats what a PLC does, make profit !

  6. Also many outraged people forget that they are , indirectly , shareholders via pension investments.

    By the time you remove people whose pensions include these companies, people who work directly and indirectly , and people who voted Conservative (indirectly supporting them via failure to stick to the last new sales of petrol and diesel vehicles , amongst other things) then that’s a decreasingly small figure that can actually be angry.

  7. Hey that’s their fair reward for having billions of dollars to lend to large corporations that are destroying the planet.

    /s (mostly)

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