Exxon

Californians Paid Higher Gas Prices as Oil Companies Made Massive Profits 

Gas prices have a crippling hold on California drivers. As averages currently stand at $5.46 for regular and $5.80 for premium, what is the incentive for oil companies to lower their prices while their profits skyrocket? California refiners Phillips 66 and Marathon reported profit increases up to 1,243% higher than last year. BP spent $2.5 billion on share buybacks; a strategy companies use to increase the value of individual shares when they know demand for their product will increase. These profits come despite the fact prices of crude oil are going down.

Conoco Phillips Heads Diversity and Inclusion Efforts in the Oil and Gas Industry

At ConocoPhillips, Shawn Green and Maalika Moore-Thomas each take an optimistic approach to recruiting some of the best minority talent and minds. Green, the manager of global services and technology, and Moore-Thomas, the senior supplier diversity coordinator, also keep a steady eye on diversity and inclusion with ConocoPhillips’ contractors and suppliers.