Uploaded November 2023 | Updated September 2026, 4 days ago
Five of the world’s major oil companies made a combined $27 billion in profits during the third quarter of 2023 — filling the pockets of oil giant CEOs while people in the U.S. struggle with the impacts of the climate crisis.
ExxonMobil reported an estimated $9.1 billion in profits, which exceeded the GDP of 41 countries.
‘Once again, the largest Big Oil companies reported multi-billions in profits, and their CEOs, executives, and shareholders benefited while the families they’re ripping off struggle to make ends meet,’ said Alex Witt, Climate Power’s senior adviser for oil and gas.
‘Here on the Gulf Coast, we’ve been on the front lines for decades — fighting oil and gas companies that pollute our communities, and often paying the price for them to rake in billions,’ said Rev. Lennox Yearwood, president and CEO of the Hip Hop Caucus. ‘Now with the climate crisis accelerating, the rest of the country is feeling it, too. It’s time to divest from fossil fuels and commit to a future where we all can thrive.’
This was made with support from Climate Power.
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Five of the world’s major oil companies made a combined $27 billion in profits during the third quarter of 2023 — filling the pockets of oil giant CEOs while people in the U.S. struggle with the impacts of the climate crisis.
ExxonMobil reported an estimated $9.1 billion in profits, which exceeded the GDP of 41 countries.
‘Once again, the largest Big Oil companies reported multi-billions in profits, and their CEOs, executives, and shareholders benefited while the families they’re ripping off struggle to make ends meet,’ said Alex Witt, Climate Power’s senior adviser for oil and gas.
‘Here on the Gulf Coast, we’ve been on the front lines for decades — fighting oil and gas companies that pollute our communities, and often paying the price for them to rake in billions,’ said Rev. Lennox Yearwood, president and CEO of the Hip Hop Caucus. ‘Now with the climate crisis accelerating, the rest of the country is feeling it, too. It’s time to divest from fossil fuels and commit to a future where we all can thrive.’
This was made with support from Climate Power.
» Sign up for our newsletter KnowThis to get the biggest stories of the day delivered straight to your inbox: https://go.nowth.is/knowthis_youtube
» Subscribe to NowThis Earth: youtube.com/channel/nowthisearth
#Oil #Business #Money #Earth #Environment #ClimateCrisis #NowThis
Connect with NowThis Earth
» Follow us on TikTok: https://go.nowth.is/Earth_TikTok
» Follow us on Instagram: https://go.nowth.is/Earth_Instagram
» Follow us on Snap: https://go.nowth.is/Earth_Snap
» Follow us on Facebook: https://go.nowth.is/Earth_Facebook
NowThis Earth is daily news coverage of climate, sustainability, biodiversity, species extinction, environmental justice, and other planetary concerns.
NowThis is your premier news outlet providing you with all the videos you need to stay up to date on all the latest in trending news. From entertainment to politics, to viral videos and breaking news stories, we’re delivering all you need to know straight to your social feeds. We live where you live.
youtube.com/nowthisearth
@NowThisEarth
