POLICY

Biden presses oil companies over production, stock buybacks and dividends

US President Joe Biden said yesterday that oil companies need to use their record profits to ramp up production rather than to enrich shareholders.

Tim Daiss
Biden presses oil companies over production, stock buybacks and dividends

"My message to the American energy companies is this: You should not be using your profits to buy back stock or for dividends. Not now. Not while a war is raging," he said. "You should be using these record-breaking...

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