BP Rakes In BILLIONS As U.S. Sweats Through Climate Crisis

"The London-based oil giant BP reported second-quarter profits of $2.6 billion on Tuesday and announced a 10% dividend raise for shareholders on the heels of what was likely the hottest month on record—a grim milestone that scientists say was made possible by the burning of fossil fuels.

While BP's profits for the second quarter of 2023 were far lower than the massive $8.5 billion it logged during the same period last year—a drop caused by falling global oil prices—the company has still raked in $7.6 billion in profits so far this year. The company has paid out those profits to investors in the form of share buybacks and dividends."

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[curtisanderson]

Corporate greed is the problem with the world. And with our government in there pocket makes it worse

[mustang]

Ohh no. It’s almost as if summertime has hot weather. Who would’ve known.

[WriterRachel]

Fossil fuel companies make billions to give to their shareholders, keeping the money in the hands of the rich & never raising wages for their actual employees. That's the corporate way!

[beeforeal]

I'll believe that the elitists believe the sea level is rising when they sell me their beachfront property for really cheap.

[darkdan]

The high inflation transfer of wealth is an economic hit job...

[VonBluesman]

B.P. Come to Louisiana Gulf Coast and dig a couple of inches in the sand to find BP Oil spill still exists. 🔥🥵

[danielwolf]

If tobacco companies can be found liable for the damage their products caused when they knew the effects were deadly, fossil fuel companies should also be liable for the damage their products cause. At this point they're causing billions more in damage worldwide than they're bringing in with their profits, maybe they'd be willing to switch to green energy much faster if they were getting sued for the damage they're knowingly causing. It's all about the bottom line with them, and until that profit motive reverses they're going to keep doing what they're doing no matter the damage it causes.

[c.t.murray]

I've known about this crisis since the 50s. people in cities were suffering from pollution and having very bad asthma attacks, children too. I wish you would get some more information about how the air quality would improve by using electric cars. I am buying an electric trike, at the latest the first quarter of 2024, out of Michigan. I am still researching electric vehicles out of China. Let's go, let's do it. we can change the air quality in less than 10 years if we do electric cars immediately.

[jonpopa]

Last I checked, I don’t own a factory where they producing 2024 model cars with the 2021’s still on the lot. 😒

[travishunter]

This illustrates why john is the best he instantly corrected Ana's straw statement because she conflates that straws are about climate change while like john said its an environmental issue and we should solve that too

[maxfieldstanton]

Anna: They should make a tax or something to force them to put up charging stations!
Republicans: NO! FREE MARKET ECONOMY! GET BIG BUSINESS OUT OF OUR GOVERNMENT!
SVB: Umm...so we lost all of our money because we did some stupid stuff, and now we don't have enough for our billion dollar salaries...so...can you give us money?
Republicans: *hands over blank check*

[krislee]

Can you do a deep dive on the oil subsidies?

[carseye]

It has to be the most CYNICAL thing of all time are the fossil fuel company commercials acting like they give a sh*t about the environment.

[ZeroOskul]

Remember when we all agreed to NEVER use BP ever again after the whole Deepwater Horizon Gulf of Mexico Oil Spill?
Who's still using BP?

[MilanThapa]

Capitalize profit, socialise the loses

[hunternedib]

Climate Criss? For the first time in 20 years, It never reached 85 degrees at my vacation home in Rhode Island in June or July.

[jamiebancroft]

I'm curious on how that lobbying budget for those companies is broken down. Is it all salaries they pay their lobbyists? If so, damn, I should get a job like that.

[Iris-hxox]

Since money talks, the people paying taxes in the US need to do a class action suit against all the oil companies for negligence and fraud for taking subsidies, destroying our country and making us foot the bill for the disasters they caused not only in oil spills, the damage being caused now by weather events perpetrated by them and return of all subsidies they were given.

Internationally, all companies having a hand in climate changes need to be sued for the same and brought up for criminal charges by the Hague and throw in all politicians/leaders that were also involved.

As it stands, no one is doing anything, not enough for those that are, and business continues as usual as countries are literally swept away, and peoples lives that have no control of this are being decimated. There are more people than leaders. Holding them to account is the only way, -

[ElectricEdgeAi]

Did Ana read the Shell lobbying amount wrong? Because it says 176 million... not thousand, on the chart.

[zafarsyed]

Ana, that wasn't 176 thousand, it was 176 MILLION, 608 THOUSAND, and change.
But definitely got your point-- it's crazy money.

For the graphics folks: make it easier to read long numbers by making 2 columns. Left column should be the name, but ending all at the same spacing (right-spaced). Right column should be the dollar amounts, but left-spaced. So the decimal point (if there is any) would be all the way to the right. Therefore, all numbers at the hundred millions level would all start with $###, ###, ###.##