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  • Los Angeles Times

    Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

    by Los Angeles Times Editorial Board, Los Angeles Times Feb 04, 2023 3 minutes
    Gasoline was selling for nearly $8 per gallon on June 1, 2022, at a Chevron gas station in downtown Los Angeles.

    Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

    The billions in record profits they posted this week bolster the appeal of California Gov. Gavin Newsom’s effort to curb oil industry price gouging. Under a proposal he released late last year, the state would set

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