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Following Newsom’s vaccination measures, California employers follow suit

We will work with the governor on additional ways we can help encourage vaccines without negatively impacting economic recovery

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SACRAMENTO – Throughout the past week, some of California’s largest employers – both private businesses and local governments – have followed Governor Newsom’s lead in implementing vaccine and testing measures for employees. After California implemented new vaccine verification and testing requirements for state and health care workers on Monday, and with President Biden following suit this past Thursday, employers have implemented similar measures for thousands of employees throughout the state.

  • City of Los Angeles: “Mayor Eric Garcetti and City Council President Nury Martinez announced today that they would push for mandatory COVID-19 vaccines for City employees, beginning with a requirement that workers either submit proof of vaccination or a weekly negative test.”
  • City of San Francisco: “City officials said that the requirement would promote safety in municipal workplaces and among the general public, given that police officers, firefighters, building inspectors and other city workers come into regular contact with members of the community. ‘With those two things in mind — the safety of our employees and the safety of the public we serve — we made this decision,’ said Carol Isen, San Francisco’s director of human resources. ‘We believe this step is a simple one to take. It’s safe, it’s very effective, and it’s going to guarantee the safety of all.’”
  • San Diego County: “The County will begin requiring its employees to verify COVID-19 vaccination or undergo regular testing. Details being worked out but implementation expected by mid-August. Vaccination is the key to fully and safely reopening the economy.”
  • City of Long Beach: “We are announcing today that all @LongBeachCity employees will need a mandatory vaccination or be required to show a weekly negative COVID-19 test. Thank you to the 72% of employees who are already vaccinated. It’s important that public institutions model responsible leadership. I strongly support Governor @GavinNewsom’s action to do the same for state employees. The standard for those who serve the public must follow the best science available. I hope that cities and counties across the state will take similar actions. It’s time we beat this pandemic.”
  • Google: “‘Getting vaccinated is one of the most important ways to keep ourselves and our communities healthy in the months ahead,’ Mr. Pichai wrote. He added that the vaccine mandate would apply to U.S. office locations ‘in the coming weeks’ and to other regions ‘in the coming months.’”
  • Facebook: “‘As our offices reopen, we will be requiring anyone coming to work at any of our US campuses to be vaccinated,’ VP of People Lori Goler said in a statement. ‘How we implement this policy will depend on local conditions and regulations.’”
  • Netflix: “Netflix has become the first major studio to implement a mandatory vaccination policy for its U.S. productions. The move comes after studios and Hollywood unions last week finalized an agreement that allows producers to require vaccines for the people who are potentially at highest risk of spreading and contracting COVID-19 on set: actors and the crew who work most closely with them. Netflix was particularly quick to implement the policy. More major studios are expected to follow in the coming weeks as they work out the challenging logistics of overhauling their approaches to pandemic safety on set.”
  • Lyft: “As of August 2, all employees working in Lyft’s offices are required to be vaccinated, according to an email Lyft (LYFT) CEO Logan Green sent to staffers that was viewed by CNN Business.”
  • Uber: “Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will have to be fully vaccinated before returning to office, a spokesperson said on Thursday.”
  • California Business Roundtable: “The governor’s approach will allow economic recovery to continue while redoubling efforts to encourage vaccinations. From the beginning of the pandemic, the business community has been a partner with the governor and public health officials by implementing mitigation protocols and testing, hosting vaccination clinics, communicating the need to get vaccinated, promoting the vaccine through its own PSA, and offering incentives to employees and customers. We will continue to look to work with the governor on additional ways we can help encourage vaccines without negatively impacting employment opportunities or our economic recovery at this critical stage, while paying special attention to continued outreach to Black and Latino communities, of which 51 percent and 49 percent remain unvaccinated, respectively.”
    • The coalition includes:
      • California Business Properties Association
      • California Hotel and Lodging Association
      • California Manufacturers and Technology Association
      • California Retailers Association
      • California Restaurant Association
      • Orange County Business Council
      • Los Angeles County BizFed
      • Central Valley BizFed
      • Inland Empire Economic Partnership

Here’s what health, labor, and other local leaders have also said about Governor Newsom’s vaccine and testing measures:

  • California Hospital Association President & CEO Carmela Coyle: “The new public health order announced today by Gov. Newsom will help ensure that California remains ahead of the curve in the fight against the COVID-19 pandemic. The unfortunate reality is that COVID-19 is again on the rise nationally, and in California, driven by the highly infectious Delta variant. It is imperative that we all do everything possible to protect patients and our communities from COVID-19 illnesses and death. Everyone should get vaccinated. The COVID-19 vaccines are safe and effective — and they are free. The evidence is clear — vaccination against COVID-19 has prevented people from becoming seriously ill, requiring hospitalization, or dying from the virus, as well as spreading it to others. To date, 75% of eligible Californians have received at least one dose, with minimal side effects. Requiring health care settings, including hospitals, to verify the vaccination status of all health care workers — and to expect those who are unvaccinated to wear masks and be tested regularly — are important and necessary steps that must be taken in this extraordinary situation. The Governor’s announcement is essential to keeping patients and those who care for them safe.”
  • California Primary Care Association Vice President & Chief Medical Officer Dr. Mike Witte: “The California Primary Care Association supports twice weekly COVID-19 testing for unvaccinated healthcare workers. The science is clear: the vaccines work, and they are safe. Over 97% of people seriously sick or dying from COVID-19 viral infections are unvaccinated. This trend is completely preventable with increased vaccination, to the point of herd immunity of our population, when we can begin to look at the pandemic ending. Twice weekly PCR testing for all unvaccinated healthcare workers fits the model for good prevention: accessible, accurate, inexpensive and easy to administer. This is an important addition to prevention of COVID-19 infections. CPCA is in full support.”
  • Planned Parenthood Affiliates of California President/CEO Jodi Hicks: “Once again, the state of California is leading by example, using data, and following best scientific practices to protect millions of people from COVID-19. We commend Governor Newsom for today’s announcement: implementing a vaccination verification system for employees in high-risk environments – a critical step in helping curb the recent uptick in spread across the state and get us back on track. Planned Parenthood continues to work closely with providers and government officials across the state to ensure access remains equitable and the communities hardest hit by the pandemic have access to correct information about the vaccine. COVID-19 vaccines are safe and effective, and Planned Parenthood will continue to encourage every Californian who can to get vaccinated as soon as possible.”
  • California Medical Association President Peter N. Bretan, Jr., M.D.: “Throughout this crisis, health care workers have been a source of strength, sacrifice and perseverance. Ensuring all of us are vaccinated against COVID-19 sends a strong message that the safety of our patients and our colleagues is top priority. It is a duty that comes with our responsibility as people who care for others. We can all do more to keep each other safe, and health care workers in particular have a moral and ethical obligation to do all we can to protect our patients. When someone comes into a health care setting, they deserve to know the medical personnel who care for them are doing everything in their power to keep them safe. Ensuring that all health care workers are protected against COVID-19 will help put patients at ease and will help us bring this deadly pandemic to an end. So many physicians, nurses and medical workers have sacrificed so much over this last 18 months. We know what this virus can do. Many of us have witnessed the devastation first-hand. After going through so much, it is heartbreaking to see cases rise once again, especially when we have vaccines that can stop the spread of this deadly disease. We’ve come too far to ease up now in our fight against COVID-19. It makes sense for the health care community to lead the way in requiring vaccines for our employees. We will continue to do all we can to help convince all Californians that vaccines are safe, effective and critical as we come together to bring this pandemic to an end.”
  • SEIU-UHW Executive Committee Member Gabe Montoya, EMT: “California’s frontline workers in health care and frontline jobs serving the public are growing increasingly concerned as the number of COVID-19 cases rises. We support Governor Newsom’s efforts to ensure vaccinations reach more Californians because these life-saving shots not only prevent death and grave illness from the virus but also prevent more dangerous variants from taking hold. Since this pandemic began, belonging to a union has given workers the strength we needed to speak up for our own safety and the communities we serve, from demanding PPE to creating the conditions for students to return to schools safely. For this reason, we will continue to bargain with our employers to ensure that implementation of the policy includes workers’ voices and push for recognition of all essential workers who have risked their lives during the pandemic.”
  • United Nurses Association of California/Union of Health Care Professionals President Denise Duncan, RN: “COVID-19 transmissions are high, we’re in a fourth surge, and we know that unvaccinated people are suffering the most. This is a forward-thinking order from Governor Newsom which will save lives by protecting patients and caregivers both. Our nurses and health care professionals are still reeling from the last year and a half of the pandemic, including staffing shortages. This is a proactive step to protect patients, workers, and the broader community.”
  • California Statewide Law Enforcement Association: “The California Statewide Law Enforcement Association, which represents peace officers across the state, responded to the order by sending a message to members reiterating the state requirements and pledging to follow up on outstanding questions. ‘CSLEA is in the process of confirming that testing will be done at no cost to the employee and on State time and how employees will be compensated for self-quarantine if mandated to do so,’ the union said in a statement. … ‘Further, the State is not presently mandating proof of vaccine, though it would likely be legal if it did. Employees can elect to decline to provide proof of vaccination if they are willing to adhere to the masking and testing requirements,’ the union said in a memo to members.”
  • California Correctional Peace Officers Association: “Glen Stailey, the union’s president, said in a statement, Gov. ‘Newsom’s new vaccine policy is a reasonable compromise that we can get behind. It provides for regular testing at work for those who have chosen not to get vaccinated — this will prevent the spread of the virus among correctional officers and incarcerated individuals alike.’”
  • Sacramento Mayor Darrell Steinberg: “I support Gov. @GavinNewsom in requiring #Covid vaccination or regular testing of employees. I believe we should do the same in @TheCityofSac for the sake of our employees and customers.”
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California

Newsom to hold oil industry accountable for price gouging

Governor calls special session to pass price gouging penalty on oil companies, push new efforts to increase transparency & accountability

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Governor Newsom signs proclamation convening a special session to pass price gouging penalty on oil companies (Photo Credit: Office of the Governor)

SACRAMENTO – As oil companies continue to evade questions about unexplained gas price increases, Governor Gavin Newsom today convened a special session of the California Legislature on December 5 to pass a price gouging penalty on oil companies that will keep money in Californians’ pockets. 

The Governor’s action comes on the heels of a state hearing yesterday – which five major oil refiners refused to attend – to investigate this fall’s unprecedented spike in gasoline prices. This spike in gasoline prices resulted in record refiner profits of $63 billion in just 90 days, disproportionately affecting low- and middle-income families.

“Big oil is ripping Californians off, and the deafening silence from the industry yesterday is the latest proof that a price gouging penalty is needed to hold them accountable for profiteering at the expense of California families,” said Newsom. “I’m calling a special session of the Legislature to do just that, and to increase transparency on pricing and protect Californians from outrageous price spikes in the future.”

This fall’s spike occurred while crude oil prices dropped, state taxes and fees remained unchanged and gas prices did not increase outside the western U.S., so the high prices went straight to the industry’s bottom line.

During the special session, the Legislature will also consider efforts to empower state agencies to more closely review gas costs, profits and pricing as well provide the state with greater regulatory oversight of the refining, distribution and retailing segments of the gasoline market in California.

Taking action to lower prices at the pump, Governor Newsom in September ordered the switch to winter-blend gasoline and demanded accountability from oil companies and refiners that do business in California. Since California’s record-high gas prices of $6.42, the Governor’s actions have reduced those prices to $4.95 most recently – a decrease of $1.47 since the peak.

In the third quarter of 2022, from July to September, oil companies reported record high profits:

The text of the Governor’s proclamation convening a special session can be found here. 

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California

CHP increases efforts to combat organized retail theft for holidays

California Highway Patrol to saturate shopping centers throughout the state working with local law enforcement to make arrests

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Photo Credit: California Highway Patrol public affairs

SACRAMENTO – Governor Gavin Newsom has increased efforts statewide to tackle organized retail theft ahead of the holiday shopping season. The California Highway Patrol (CHP) Organized Retail Crime Task Force (ORCTF) is increasing their presence at shopping centers throughout the state and working with local law enforcement agencies to make arrests and heighten visibility. 

“Californians deserve to feel safe especially as they head to stores this holiday season,” said Newsom. “We’ve doubled down on our efforts to combat crime with millions of dollars to deter, arrest and successfully prosecute criminals involved in organized retail theft. This year, shopping centers across California will see saturated patrols as CHP regional teams work with local law enforcement agencies to help make arrests and recover stolen merchandise.”

Governor Newsom signed Assembly Bill 331 by Assemblymember Reginald Byron Jones-Sawyer, Sr. (D-Los Angeles) to extend and expand the CHP’s Organized Retail Crime Task Force (ORCTF).

The CHP’s ORCTF regional teams collaborate with local law enforcement agencies and retailers to proactively address organized retail theft. Since the inception of the task force, the CHP has been involved in 1,296 investigations, the arrest of 645 suspects, and the recovery of 271,697 items of stolen retail merchandise valued at nearly $26 million.

“The CHP is dedicated to ensuring everyone is safe during this holiday shopping season,” said Commissioner Amanda Ray. “Through the joint efforts of our Organized Retail Crime Task Force and public safety partners, we are working hard to combat organized retail crime and deter organized theft rings.”

CHP Organized Retail Crime Task Force investigators intercepted a shipment of stolen Lululemon products shipped from various places throughout the country, including Ohio, Illinois, and Wisconsin. The 1,861 items were worth approximately $200,000. The merchandise was returned to Lululemon in June of 2022.
(Photo Credit: California Highway Patrol)

Actions taken by Governor Gavin Newsom that prioritized combating organized retail theft:

  • Signed AB 331, extending the ORCTF sunset provision and investing $6 million annually in 2022-23 through 2024-25 and ongoing resources to provide a total of $15 million annually to expand and make permanent this task force.
  • Investing $255 million in grants for local law enforcement over the next three years to combat retail theft.
  • Providing $30 million over the next three years to support District Attorneys, effectively prosecuting theft-related crimes.
  • Funding the creation of a new unit, in the Attorney General’s office, with specialized investigators and prosecutors focused specifically on organized theft rings.

In addition to law enforcement investigating retail theft, legislation signed this year by Governor Newsom will make it harder for individuals to sell stolen merchandise online.

SB 301 by Senator Nancy Skinner (D-Berkeley), requires high-volume third-party sellers of merchandise to provide additional information to protect consumers, to include requiring online marketplaces to comply with specified recordkeeping and security procedures. And AB 1700 by Assemblymember Brian Maienschein (D-San Diego), requires the Attorney General’s Office to establish on its website a place for the public to report suspected stolen goods found on online marketplaces. 

Both bills take effect on January 1, 2023. 

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California

Newsom pauses funding on homeless initiatives, asks ‘do better’

Project Roomkey has sheltered more than 60,000 people since the pandemic began, & Homekey has funded 12,500 units since late 2020

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Governor Gavin Newsom earlier this summer assisting in a homeless encampment event in LA (Photo Credit: Office of the Governor)

SACRAMENTO – Governor Gavin Newsom announced Thursday that he will convene local leaders in mid-November to review the state’s collective approach to homelessness and identify new strategies to better address the growing homelessness crisis.

Until this convening, the state will hold on providing the remaining third round of Homelessness Housing, Assistance and Prevention (HHAP) grants.

“Californians demand accountability and results, not settling for the status quo,” said the Governor. “As a state, we are failing to meet the urgency of this moment. Collectively, these plans set a goal to reduce street homelessness 2% statewide by 2024. At this pace, it would take decades to significantly curb homelessness in California – this approach is simply unacceptable. Everyone has to do better – cities, counties, and the state included. We are all in this together.” 

The Governor is calling all local jurisdictions together for a meeting in mid-November to coordinate on an approach that will deliver more substantial results as opposed to current plans which result in just a 2% decrease of homelessness over four years statewide.

While some plans show local leaders taking aggressive action to combat homelessness, others are less ambitious – some plans even reflect double-digit increases in homelessness over four years.

The Governor’s calling all local jurisdictions together for the mid-November meeting is hoped to coordinate on an approach that will deliver more substantial results. This meeting will be an opportunity to learn from one another about what works, as well as to identify barriers that inhibit the progress we all want to make and strategies to remove them.

The third round of HHAP grants provides a share of $1 billion to every county, Continuum of Care, and the 13 largest cities in the state, on the condition that each local government has a plan approved by the state that reduces the number of unsheltered homeless individuals and increases permanent housing.

The state has so far provided over $1.5 billion of flexible emergency aid to address homelessness through the Homeless Emergency Aid Program and the first two rounds of HHAP funding.

Now, for the first time, recipients of the third round of HHAP funding have new requirements and must create a Homelessness Action Plan that addresses, in detail, local actions to prevent and reduce the number of individuals experiencing homelessness at the community level.

The plans must include a landscape analysis that assesses the current number of people experiencing homelessness in a given community and identify all existing programs, and all sources of funding aimed at tackling this crisis. Additionally, the plans must include outcome-driven results and strategies for achieving these goals using clear metrics to track success. 

The HHAP program is part of a $15.3 billion, multi-year state effort to turn the tide on homelessness – an all-of-the-above approach that includes cutting red tape and funding the largest expansion of homeless housing in California history.

The Governor’s office pin a released statement pointed out that the governor has taken unprecedented steps to address homelessness and housing statewide, providing local governments more money than ever before to address this crisis.

Groundbreaking programs like Homekey and Project Roomkey have become national models for getting people off the streets, faster than ever before and at a fraction of the usual cost.

In partnership with cities and counties throughout the state, Project Roomkey has sheltered more than 60,000 people since the pandemic began, and Homekey has funded 12,500 units since its inception in late 2020. 

Additionally, since September 1, 2021, Caltrans has cleared over 1,600 homeless encampments statewide, cleaning up 2,227 tons of trash, enough to fill more than 40 Olympic-sized swimming pools.

The state budget Governor Newsom signed earlier this year includes $700 million for encampment resolution grants with $350 million earmarked for assisting those living on state right-of-way property.

Also, through Clean California, the Governor has invested $1.1 billion to revitalize streets and public spaces through litter abatement and local beautification projects – generating an estimated 10,000 jobs, including for people exiting homelessness, at-risk youth, veterans, formerly incarcerated people, local artists and students.

From KTLA:

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California

Newsom & California Museum announce 15th Calif. Hall of Fame

The California Hall of Fame celebrates Californians whose achievements have made history and changed the state, the nation and the world

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Governor Gavin Newsom and First Partner Jennifer Siebel Newsom (Screenshot/YouTube)

SACRAMENTO – Today, Governor Gavin Newsom and First Partner Jennifer Siebel Newsom joined the California Museum in announcing the 15th class of inductees into the California Hall of Fame. The new inductees join 138 inspirational Californians previously inducted for embodying the state’s innovative spirit.

The California Hall of Fame celebrates Californians whose achievements have made history and changed the state, the nation and the world. Launched in 2006, the program serves as the California Museum’s annual gala and the premise of on-site and online exhibitions inspiring visitors to make a mark on history.

The inductees of the California Hall of Fame 15th class are:

Actor and singer-songwriter Lynda Carter

Chef Roy Choi

Physicist Steven Chu

Ice skater Peggy Fleming

Sociologist Arlie Russell Hochschild

Choreographer Alonzo King

Teacher and former astronaut Barbara Morgan

Out Soccer player Megan Rapinoe

Singer Linda Ronstadt

Artist Ed Ruscha

Band Los Tigres del Norte

“These phenomenal individuals are proof that the California dream is alive and well,” said Governor Newsom. “Jennifer and I are excited to induct the 15th class of leaders, dreamers, and innovators into the California Hall of Fame and celebrate these Californians who broke down barriers and reimagined what was possible.”

“The Governor and I are honored to welcome this new group of changemakers and trailblazers into the California Hall of Fame,” said First Partner Siebel Newsom. “With its cultural richness, innovative spirit, and leadership mindset, California is California because of phenomenal individuals like this year’s inductees. They have been – and will continue to be – immensely inspiring to us all.”

The California Hall of Fame launched in 2006 to honor trailblazing Californians who embody the state’s spirit of innovation and have made history. Inductees are selected annually by the Governor and First Partner for achievements in Arts, Business and Labor, Entertainment, Food and Wine, Literature, Music, Public Service, Science and Sports. This year marks the return of an in-person ceremony following the induction of a virtual class during the pandemic.

“We’re thrilled to join the Governor and First Partner in celebrating these remarkable Californians,” said California Museum Board of Trustees Chair Anne-Marie Petrie. “Their achievements will inspire thousands of Museum visitors in the year ahead to pursue their own dreams.”

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California

More oil companies made massive profits as Californians paid more

“Big oil is making record profits by ripping off Californians with refiners Phillips 66 & Marathon profits up to 1243% higher than last year”

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Screenshot/YouTube

Editor’s note: The following is a statement provided by Governor Newsom’s office:

SACRAMENTO – As gas price hikes hit Californians at the pump, oil companies and their refinery operations made record profits in only three months from July to September: 

Phillips 66 and Marathon operate refineries in the state that have raised costs on Californians despite the cost of crude declining, blaming such increases on refinery maintenance and other issues.

This follows Valero’s $2.82 billion in profits that were 500% higher than the year before, PBF Energy’s $1.06 billion that was 1700% higher than the year before, Shell’s $9.45 billion haul that sent $4 billion to shareholders for stock buybacksExxon’s highest-ever $19.7 billion in profits, and Chevron’s $11.2 billion in profits.

“Big oil is making record profits by ripping off Californians. They said high prices were because of war, state taxes and maintenance, but now we know that was all a facade – these high prices went straight to their bottom line,” said Governor Newsom. “A price gouging penalty will put these windfall profits back in the pockets of Californians.”

Following these record-breaking Q3 profits, big oil executives seem to be acknowledging the need to put money into the pockets of consumers. While Shell directly acknowledged it, Exxon did so in their own special, out-of-touch way:

  • Shell CEO: “I think we should be prepared and accept that our industry will be looked at for raising taxes in order to fund the transfers to those who need it most.”
  • Exxon CEO: “There has been discussion in the US about our industry returning some of our profits directly to the American people. That’s exactly what we’re doing in the form of our quarterly dividend.”

This comes on the heels of a report showing that refiners like PBF Energy are making more profits off of Californians than in any other state – $0.78 per gallon compared to the national average of $0.50, a 56% differential. According to Consumer Watchdog, “PBF reported making 78 cents per gallon refining crude oil into gasoline in California in the third quarter – the greatest raw profits anywhere in the nation or world. By contrast, PBF’s profits per gallon were 48 cents on the Gulf Coast, 49 cents per gallon on the East Coast, 55 cents per gallon in the Midwest – an average of 50 cents across the rest of America.”

Big oil was making these record profits at a time when Californians were seeing gas price hikes at the pump, despite the fact that the cost of crude oil was down:

Governor Newsom has taken action to lower prices at the pump, ordering the switch to winter-blend gasoline and demanding accountability from oil companies and refiners that do business in California, leading to record relief at the pump for consumers. Since California’s record-high gas prices of $6.42, the Governor’s actions have reduced those prices to $5.54 most recently – a decrease of 88 cents.

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California

Exxon & Chevron record profits: Gas price gouging hit Californians

Exxon made $19.7 billion from July to September, more profit than ever before in its history, while Chevron reported profits at $11.2 billion

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Screenshot/YouTube (Yahoo Finance)

Editor’s note: The following is a statement provided by Governor Newsom’s office:

SACRAMENTO – From July to September alone, Exxon and Chevron reported Q3 profits of $30.9 billion, all while Californians were paying higher gas prices despite the cost of crude oil being down. For Exxon, the $19.7 billion is the highest quarterly profits in its history, while Chevron’s $11.2 billion were its second-highest in history.

This follows Valero’s $2.82 billion in profits that were 500% higher than the year before, PBF Energy’s $1.06 billion that was 1700% higher than the year before, and Shell’s $9.45 billion haul that sent $4 billion to shareholders for stock buybacks.

“As Californians were getting ripped off at the pump, big oil companies like Exxon were making record profits – literally the most ever in a single quarter. Oil companies said high prices were because of war, state taxes, and maintenance, but now we know that was all a facade – these high prices went straight to their bottom line. It could not be more clear that a price gouging penalty is needed to hold big oil accountable and put those profits in the pockets of Californians,” said Governor Gavin Newsom.

Following these record-breaking Q3 profits, big oil executives seem to be acknowledging the need to put money into the pockets of consumers. While Shell directly acknowledged it, Exxon did it in their own special, out-of-touch way:

  • Shell CEO: “I think we should be prepared and accept that our industry will be looked at for raising taxes in order to fund the transfers to those who need it most.”
  • Exxon CEO: “There has been discussion in the US about our industry returning some of our profits directly to the American people. That’s exactly what we’re doing in the form of our quarterly dividend.”

This comes on the heels of a report showing that refiners like PBF energy are making more profits off of Californians than any other state – $0.78 per gallon compared to the national average of $0.50, a 56% differential: 

“PBF reported making 78 cents per gallon refining crude oil into gasoline in California in the third quarter – the greatest raw profits anywhere in the nation or world. By contrast, PBF’s profits per gallon were 48 cents on the Gulf Coast, 49 cents per gallon on the East Coast, 55 cents per gallon in the Midwest – an average of 50 cents across the rest of America.”

Big oil was making these record profits at a time when Californians were seeing gas price hikes at the pump, despite the fact that the cost of crude oil was down:


Governor Newsom has taken action to lower prices at the pump, ordering the switch to winter-blend gasoline and demanding accountability from oil companies and refiners that do business in California, leading to record relief at the pump for consumers. Since California’s record high gas prices of $6.42, the Governor’s actions have reduced those prices to $5.62 most recently – a decrease of 80 cents.

Exxon, Chevron are ‘cash bulls’ on earnings, analyst says:

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