Former President Donald Trump is tapping Big Oil chief executives in an attempt to receive $1 billion in donations to his reelection campaign, according to...
Former President Donald Trump is tapping Big Oil chief executives in an attempt to receive $1 billion in donations to his reelection campaign , according to) drilling, even though major energy companies are diversifying their portfolios and leaning into clean energy practices while maintaining drill sites. Donald Trump reported looking to tap oil executives to contribute $1 billion to his re election campaign.Uh Big oil executives were meeting with Donald Trump down at Mar A lago.
Uh The oil and gas energy, the energy sector has actually done way better under Biden than it did under Trump.I just looked these up today uh under Biden, the average profit margin in the energy sector has been 11% under Trump.And if you exclude that wipe out year for the energy sector of 2020 the best you get under Trump is a 4.5% average profit margin.
So this idea that Trump's going to open up all this drilling and they're somehow going to make more money.Well, and it's interesting, Rick because, you know, I had the chance to catch up with Darren Woods, the CEO of Exxon at Sarah Week and asked him about the IRA specifically and he said he's in favor of it staying in place, you know, while many of these oil execs might want the LNG export pause or ban to be lifted.
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