Biden Calls on American Energy Companies to Halt Buybacks of Stocks ‘While a War Is Raging’

‘You should not be using your profits to buy back stocks’

TRANSCRIPT:

BIDEN: "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. You should be using these record-breaking profits to increase production and refining. Invest in America for the American people, bring down the price you charge at the pump to reflect what you pay for the product."
 

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