windfall profits tax

Big Oil Profits Surge as Trump Campaign Donors Cash In, Shell Nearly Doubles Quarterly Earnings

Shell reported its highest-earning quarter since 2022, nearly doubling last year's Q3 results as combined Big Oil earnings are expected to reach $53 billion. A Congressional report says Trump's personal oil and gas stock wealth has grown by up to $35.8 million, prompting Sierra Club calls for a windfall profits tax.