The nation’s largest oil and natural gas corporations are preparing to aggressively push back against charges from Democrats and the Biden administration that the industry has taken advantage of consumers through higher prices at the pump.
Executives of six major oil companies — BP America, Chevron, Devon Energy, ExxonMobil, Pioneer Natural Resources and Shell USA — will testify before the House Energy and Commerce Committee Wednesday, offering a significant platform for the industry to publicly counter accusations that they have gouged drivers with record-high gasoline prices while putting the blame on inflation and the Russia-Ukraine war.
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