Oil company execs defend profits to SenateExxonMobil, Chevron, BP, ConocoPhillips, Shell grilled on prices; FTC chair tells Senators tax would do more harm than good By H. Josef Hebert The Associated Press
Oil executives sought to justify their huge profits under tough questioning Nov. 9, but they found little sympathy from senators who said their constituents are suffering from high energy prices.
“Your sacrifice appears to be nothing,” Sen. Barbara Boxer, D-Calif., told the executives, citing multim....
[additional news subjects in this story]
ExxonMobil: earnings 'go up and down' Chevron: response to market Democrats call for windfall profits tax FTC: 'more harm than good'
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