who do oil companies donate the most money to

by Dr. Trudie King 8 min read

Oil and gas companies are increasing their share of campaign donations to Democrats this year. Still, 85% of that industry's donations have gone to President Trump’s campaign or to Republican candidates and conservative causes. Jim Watson/AFP via Getty Images

Full Answer

Are oil and gas companies donating more to Democrats this year?

METHODOLOGY: The numbers on this page are based on contributions from PACs and individuals giving $200 or more. All donations took place during the 2021-2022 election cycle and were released by the Federal Election Commission on Tuesday, February 01, 2022. Feel free to distribute or cite this ...

Who are the biggest donors in the oil industry?

Lobbying. Money to Congress. Contributors. Recipients. News. Led by the oil and gas industry, this sector regularly pumps the vast majority of its campaign contributions into Republican coffers. Even as other traditionally GOP-inclined industries have shifted somewhat to the left, this sector has remained rock-solid red.

Who donates to the fossil fuel industry?

Oct 11, 2019 · Oil companies, petrostates and climate contrarian thinktanks, businessmen and unions have given at least £5m to MPs over the past 10 years in the form of donations, expenses-paid trips, salaries ...

Which companies donate the most money to charity?

Oct 14, 2020 · Earlier in the year, LittleSis released a groundbreaking report outlining how over 200 police foundations in the U.S. use dark money donations from some of the world’s largest corporations and polluters — including Chevron, Marathon Petroleum, Verizon, Walmart, Starbucks, Amazon, Bank of America, Target, Coca-Cola, Delta Airlines, Waffle House, and …

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How much does the US profit from oil?

Oil major TotalEnergies swings to profit thanks to surging commodity prices. The oil and gas giant said full-year 2021 adjusted net income came in at $18.1 billion, while net income came in at $16 billion. That compared with adjusted net income of $4.1 billion and a net loss of $7.2 billion the previous year.Feb 10, 2022

How much do oil companies spend on lobbying?

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

Do oil companies make a lot of money?

In 2021 alone, Exxon Mobil, Shell, BP, and Chevron made a combined $75 billion in profits.Mar 9, 2022

Does the government make money from oil?

State and local governments collect roughly 10 percent of oil and gas revenue on average, ranging from a low of roughly 1 percent to a high of nearly 40 percent. Most revenue goes to state expenditures, followed by education, local governments, and trust funds.

Who is Biden asking for oil?

Citing “potentially illegal conduct,” Biden said pump prices are rising even as industry costs are declining. President Joe Biden on Wednesday asked Federal Trade Commission Chair Lina Khan to examine oil and gas companies and their role in rising gasoline prices.Nov 17, 2021

What is the oil lobby?

"Fossil fuels lobby" is a term used to label the paid representatives of large fossil fuel (oil, gas, coal) and aviation corporations who attempt to influence governmental policy.

How much did oil companies make in 2021?

In the final financial quarter of 2021, the company earned $6.4 billion, Shell's highest quarterly profit since 2014. A social media post about rising U.S. gas prices claimed "America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years."Mar 10, 2022

How much do oil companies make off a gallon of gas?

About $0.05/gallon is profit for refineries turning that crude oil into gasoline. That's the ExxonMobil and Shell's of the world as well. And that gas station of yours? Well the retailers (including distributors and marketers) on average made about $0.04/gallon in profit.Mar 26, 2012

Who is the biggest oil company in the US?

ExxonMobilExxonMobil is currently topping the list of the biggest oil companies in the USA and one of the world's largest oil companies by production. It is the largest publicly traded international energy company and uses technology and innovation to help meet the world's growing energy needs.Sep 6, 2018

What is the average royalty paid for oil?

They generally range from 12–25 percent. Before negotiating royalty payments on private land, careful due diligence should be conducted to confirm ownership. Mineral ownership records are often outdated.Feb 11, 2022

What tax breaks do oil companies get?

Among the oil industry tax policies spared in the draft is a deduction of intangible drilling costs, which allows oil and gas companies to immediately deduct some expenses, such as labor, site preparation and repairs.Sep 13, 2021

How do oil companies pay royalties?

A royalty is the portion of production the landowner receives. A royalty clause in the oil or gas title process will typically give a percentage of the lease that the company pays to the owner of the mineral rights, minus production costs. Royalties are free from costs and charges, other than taxes.Feb 28, 2018

Average Contributions to Members of Congress, 1990-2022

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Who owns First Corporate Shipping?

First Corporate Shipping, which operates Bristol Port and is co-owned by the climate sceptic Terence Mordaunt, donated £25,000 to both Boris Johnson and Jeremy Hunt during the recent Conservative leadership contest.

Who is Nadhim Zahawi?

Nadhim Zahawi at the Conservative party conference in Manchester last month. Photograph: Jeff J Mitchell/Getty Images. Nadhim Zahawi, the Conservative MP for Stratford-on-Avon, received more than £1m from fossil fuel companies, all of it declared and legitimate.

Did the Guardian pay MPs for their votes?

The Guardian is not suggesting MPs were paid for their votes, which is forbidden by law, but the scorecards highlight the legitimate lobbying activities of outside organisations who have most to lose from action to stop global heating.

Who is Marathon Petroleum?

Marathon Petroleum, owner of a major refinery in Detroit, sits on the Detroit Public Safety Foundation board. Marathon is also a donor to the foundation. The chairman and CEO of Hilcorp Energy is a Houston Police Foundation board member, while the CEO of Halliburton is on the foundation’s advisory board. Southern Company subsidiary Georgia Power is ...

What is a police foundation?

Police foundations are a key space for orchestrating, normalizing, and celebrating the collaboration between corporate power and the police. Police foundations — like massive corporations or oil companies — serve wealthy and powerful interests, not people.

How much money did Crenshaw get from oil companies?

Representative Crenshaw has received $200,000 from oil and gas companies. But when Congress was preparing to bail out businesses during the coronavirus crisis, Crenshaw stood up for his donors. He led a delegation which requested that oil and gas companies pay reduced royalties to the Interior Department.

Who is McConnell's biggest donor?

One of his biggest donors is the Devos family, which is also the family of Secretary of Education Betsy Devos. Salon estimates that only 9 percent of his campaign donations come from Kentucky. The Florida based private prison group GEO Group also gave McConnell $50,000 in 2019.

Who owns Moscow Mitch?

“Moscow Mitch” seems to be owned by the NRA. McConnell has taken more than $1.2 million from the NRA. According to the Louisville Courier-Journal, the senator has big donors in the energy and oil industries.

Why did Matt Gaetz wear a gas mask?

The Florida congressman who made headlines when he mockingly wore a gas mask to make fun of those concerned about the spread of the coronavirus is funded in part by the NRA. In 2016, a SuperPAC supporting Matt Gaetz received a $100,000 check from a Houston oil company as well.

How much money did the Arkansas senator receive from the NRA?

The Arkansas senator who believed the coronavirus was a Chinese bioweapon, received a total of $1.9 million from the NRA in his career. He has also received donations from Koch Industries.

How much money did Devin Nunes raise in 2019?

Rep. Devin Nunes raised millions of dollars in 2019, but less than 5 percent of those donations came from his constituents. Many of those donations came from corporate PACs backed by pharmaceutical companies like Pfizer.

Who is running against Collins in 2020?

Some of these companies include Exxon Mobile and General Electric. Sara Gideon is running against Collins in 2020.

How much does BP match donations?

BP will match donations raised through fundraising up to $5,000 per employee per year.

How does Chevron help communities?

Chevron seeks to help communities succeed by boosting local economies, improving access to healthcare, and focusing on education. In the past decade alone, Chevron has made nearly $2 billion in social investments to communities around the world.

What is a matching gift program?

Matching gift programs are a surefire way to secure corporate funding. The process is simple. Companies with the programs will match gifts donated by their employees to eligible organizations. All at no extra cost to the organization or the employee.

How much does gap give to nonprofits?

For every 15 hours a Gap employee volunteers with a nonprofit in a calendar year, the company will provide a $150 grant to the organization. For every 25 hours a store team of three or more employees volunteers with a nonprofit that serves youth or women, Gap gives a $250 grant to that organization.

Does Nordstrom give grants?

Nordstrom’s Grant Program. Nordstrom offers cash grants to eligible nonprofits. In order to apply, the organization must provide a description of the nonprofit, the dollar amount requested, list of officers and directors, history of the nonprofit, most recent annual report or form 990, and a W9 form.

What is a volunteer grant?

With volunteer grants, or “dollars for doers,” companies gift grants to nonprofits where their employees volunteer. To capitalize on the opportunity, make sure all your most active volunteers know about the programs and ask them to check their eligibility.

Does Google match donations?

One of the highlights of Google’s match program is that the company not only matches personal donations to nonprofit organizations, but also matches money employees personally raise for charitable events that they actively participate in. Learn more about Google’s matching gift program.

Which company donated the most money to charity in 2017?

Biotech firm Gilead Sciences donated the most money to charitable causes in 2017 — $388 million — according to the Chronicle of Philanthropy's survey of charitable giving by major US companies in 2017.

How much money did the United States donate in 2017?

Here's something to feel good about: Total charitable giving in the United States reached record levels in 2017, with an estimated $410 billion donated to various causes by groups and individuals, according to Charity Navigator. Of that total, 5% — or nearly $21 billion — came from corporations, up 8% from the previous year.

How much did Wells Fargo donate in 2017?

Wells Fargo donated $287 million in 2017. Ben Margot/Associated Press. Wells Fargo & Company came in second for 2017 giving, donating $287 million in cash of its $27.4 billion pretax profit, or 1%, according to the Chronicle of Philanthropy.

Where is Johnson and Johnson headquarters?

Johnson & Johnson focuses on health-related causes locally and globally. Johnson & Johnson HQ in New Brunswick, New Jersey. Johnson & Johnson, in 2017, donated $227 million in cash to charity, according to the Chronicle of Philanthropy. Of its $17.7 billion pretax profit, that's 1.3%.

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