{
	"type": "rich",
	"version": "1.0",
	"provider_name": "Action Network",
	"provider_url": "https://actionnetwork.org",
	
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	"author_name": "Americans for Tax Fairness Action Fund",
	"author_url": "https://actionnetwork.org/groups/americans-for-tax-fairness",
	"title": "Tell Congress: Tax Big Oil’s War Profiteering",
	"thumbnail_url": "https://actionnetwork.org//images/generic_facebook.jpg",
	"description": "War is driving up energy prices, and Big Oil is cashing in. Eight of the world’s largest oil companies made nearly $93 billion in profits in just 3 months, almost twice what they made during the same period last year as the war with Iran pushed oil prices higher. ExxonMobil alone reported $14.5 billion in quarterly profit, while Chevron brought in another $12.2 billion. Working families are left paying higher prices while some of the largest fossil fuel corporations in the world turn international conflict into another massive windfall. This is part of a much bigger pattern. The top 10 U.S. oil and gas corporations made $677 billion in pre-tax profits over the last 5 years. Rather than use those enormous profits to lower prices for consumers, they spent $452 billion on stock buybacks and dividends and another $2.75 billion compensating their top executives. They are also benefiting from a tax system that asks far too little of some of the most profitable corporations in America. ExxonMobil paid an effective federal income tax rate of just 1.3% in 2025, while Chevron paid just 7.8%, far below the 21% statutory corporate tax rate. Exxon also spent $73 billion buying back its own stock over the last 5 years, while Chevron spent $47 billion. Big Oil has plenty of money for executives and wealthy shareholders. Congress should make sure these corporations also contribute their fair share to the country whose workers, infrastructure, markets, and public investments help make those profits possible. Tell Congress: Tax Big Oil’s war profiteering, end special tax breaks for fossil fuel corporations, and make Big Oil pay its fair share.",
	"url": "https://actionnetwork.org/letters/tell-congress-tax-big-oils-war-profiteering"
}