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Why Shell and the Other Oil Majors Aren't Price Gouging

The Motley Fool·
Why Shell and the Other Oil Majors Aren't Price Gouging

Oil majors Shell, ExxonMobil, and Chevron are facing accusations of price gouging from politicians amid elevated energy prices and strong profits. However, the article argues these companies don't control oil prices—the market does. Oil and gasoline are commodities, and energy companies' profits naturally rise and fall with market prices. The article recommends investing in integrated energy majors for portfolio diversification and attractive dividend yields.

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