roughly how much did oil-and-gas related industries donate to campaigns in 2018

by Regan Altenwerth 3 min read

Who has benefited the most from oil and gas donations?

Oct 16, 2020 · By one estimate, $11 billion will be spent on this year’s election. One interesting sliver of that is the $87 million coming in to the races …

How much has the oil and gas industry spent on election campaigns?

Feb 25, 2020 · Oil and gas companies spent $84m on congressional campaigns in 2018. Researchers found a correlation between an increase in …

How much money has the oil and gas industry donated to Trump?

Roughly how much did oil - and - gas related industries donate to campaigns in 2018 ? A ) ... Roughly how much did oil-and-gas related industries donate to campaigns in 2018? A) $125,000 B) $1.5 Million C) $77 Million D) $19 Million. 40.

Are oil and gas donations helping or hurting Biden’s campaign?

Chief Oil & Gas: $467,100: Walter Oil & Gas: $437,710: Marathon Petroleum: $381,582: Enterprise Products Partners: $368,148: Williams Companies: $325,020: Red Apple Group: $288,700: Cox Oil: $283,263: Hess Corp: $277,911: Valero Services: $275,250: Berexco Inc: …

How much money was spent in the US lobbying by oil and gas companies?

The four oil ​giants employed an average of around 40 lobbyists per year and spent a combined total of $374.7 million on federal lobbying, while API employed an average of 48 lobbyists per year and spent $78 million.Oct 28, 2021

What is the name of the interest group that represents the oil and gas industry?

The largest oil and gas companies that are sometime collectively referred to as Big Oil, and their industry lobbyist arm, the American Petroleum Institute (API), have spent large amounts of money every year on lobbying and political campaigns, and employ hundreds of lobbyists, to obstruct and delay government action to ...

Are oil companies profitable?

British oil major BP reported Tuesday that profits soared to an eight-year high of almost $13 billion, while rival Shell posted annual revenues of $19.3 billion. U.S. competitors Chevron and Exxon Mobil recorded full-year net profits of $15.6 billion and $23 billion, respectively.Feb 10, 2022

Who funds open secrets?

Funding. Major donors to the Center for Responsive Politics include the Sunlight Foundation, The Pew Charitable Trusts, the Carnegie Corporation of New York, Open Society Foundations, the Joyce Foundation, and the Ford Foundation.

What do oil and gas companies lobby for?

The biggest oil and gas companies spend an average of $115 million a year lobbying against climate solutions and renewable energy investments.Aug 20, 2021

Why would the defense industry invest large amounts of money in lobbyists?

Why would the defense industry invest large amounts of money in lobbyists? More military spending equals more contracts for the defense industry.

How much is the oil industry worth?

According to market research by IBISWorld, a leading business intelligence firm, the total revenues for the oil and gas drilling sector came to approximately $2.1 trillion in 2021.

How much does the oil industry make a year?

In 2020, the total revenue of the United States' oil and gas industry came to about 110.7 billion U.S. dollars, a decrease from the previous year due to the coronavirus pandemic impacts in the industry.Oct 13, 2021

How much profit do oil and gas companies make?

The average net profit margin for oil and gas production was 4.7% in 2021 and 31.3% in Q4 2021.

What is the term dark money mean?

In the politics of the United States, dark money refers to political spending by nonprofit organizations—for example, 501(c)(4) (social welfare) 501(c)(5) (unions) and 501(c)(6) (trade association) groups—that are not required to disclose their donors.

Who are the donors?

In business law a donor is someone who is giving the gift (law), and a donee the person receiving the gift.

What do lobbyists do?

Lobbyists are professional advocates that work to influence political decisions on behalf of individuals and organizations. This advocacy could lead to the proposal of new legislation, or the amendment of existing laws and regulations.

Average Contributions to Members of Congress, 1990-2022

Feel free to distribute or cite this material, but please credit OpenSecrets.

Count Cash & Make Change

Sign up for our newsletter to track money’s influence on U.S. elections and public policy.

Oil and gas industry has pumped millions into Republican campaigns

An oil pumpjack works at dawn in the Permian Basin oil field in January in the oil town of Andrews, Texas. Senator Ted Cruz of Texas was among the biggest beneficiaries of fossil fuel support. Photograph: Spencer Platt/Getty Images

Fossil fuels and the US presidential election

The Texas senator, who picked up three states on Super Tuesday compared to seven for Trump, told NPR in December that climate change was a fiction concocted by liberals who want control over the economy. “The scientific evidence doesn’t support global warming,” he claimed at the time.

Who donated £50,000 to the Conservative Party?

Pelham Capital Investments Ltd has donated £50,000 to the Conservative Party. They are the dominant shareholder in Pelham Capital, an investment management firm with £97m invested in OCI NV, a major producer of industrial chemicals. Other significant holdings include: £92m in Yara International a chemical producer for the agriculture industry; £41m in Hurricane Energy, an oil company drilling new fields in the North Sea; £38m in Energean Oil & Gas, which operates in the Mediterrean and the Middle-East, and £17m in Diversified Gas & Oil, a producer operating in the US.

Who is Davide Serra?

Italian entrepreneur Davide Serra is a Liberal Democrat donor. His firm Algebris UK has £3m worth of shares in Chesapeake Energy a fracking pioneer in the US. Serra has given £60,000 to the Lib Dems’ campaign.

How much oil is produced in the US in 2018?

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels.

Which state produces the most oil?

Texas continues to produce more crude oil than any other state or region of the United States, making up 40% of the national total in 2018. Texas has held the top position in nearly every year since 1970, with the brief exception of 1988, when Alaska produced more crude oil than Texas, and from 1999 through 2011, ...