BRUSSELS — European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies don’t further tank their struggling economies and foment unrest. At the same time, they need to keep all 27 members united in their opposition to Russian President Vladimir Putin. Leading up to Thursday’s start of a …
Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas, company said Friday that it booked $112.07 billion in quarterly revenue, more than double the revenue …
Gov. Gavin Newsom on Tuesday took aim at Valero Energy Corp.’s “record profits” this year as gasoline prices soared, escalating his battle with the powerful oil industry. In a statement, Newsom renewed his call for a price-gouging penalty “to put these profits back in the pockets of Californians.” Valero’s third-quarter financial report showed that the …
