Largest oil and gas producers made close to $100bn in first quarter of 2022. Consumers are facing high fuel prices not just at the pump. Soaring energy prices are being baked into delivery costs, which is driving up the cost of everything from apples to toilet paper. Soaring energy prices have rattled consumers and become a political flash point. Last month, President Joe Biden said that "Exxon made more money than God this year.". Oil companies reap unprecedented profits as Americans struggle to pay for food and gas.
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