Context for Rising Heating Costs: Energy Company Profits Announced Next Week

WASHINGTON, D.C. – One of the big story lines of the coming weeks and months is sure to be the rising cost of home energy. The context for this reporting is critical to give voters a complete picture of what is happening and why. As temperatures drop around the country, wealthy Big Oil executives are forcing working families – many of whose budgets are already stretched – to worry about choosing between buying groceries and heating their homes. This added stress on families’ budgets comes after record-breaking profits in the second quarter for many of the biggest oil and gas companies in the world, and just ahead of another profits release that is expected to be significant. In recent weeks, President Biden warned oil executives against price gouging and profiteering off the backs of working Americans, but prices at the pump indicate that they’re unwilling to put people ahead of their profits. Quarter three profits are expected to confirm that Big Oil executives are continuing their profiteering as winter sets in. 

Expected Q3 profits release dates: 

CompanyExpected Q3 Release DateCompanyExpected Q3 Release Date
NextEra Energy10/19/2022Edison International11/1/2022
Halliburton10/25/2022Marathon Oil Corp.11/1/2022
Valero Energy10/25/2022Exelon Corp.11/2/2022
EQT Corp.10/26/2022Devon Energy11/2/2022
DTE Energy Co.10/26/2022Pioneer Natural Resources11/2/2022
Hess10/26/2022Coterra Energy Inc.11/2/2022
Shell10/27/2022APA Corp11/2/2022
TotalEnergies SE10/27/2022Occidental Petroleum11/3/2022
Xcel Energy Inc10/27/2022Cheniere Energy Inc.11/3/2022
ExxonMobil10/28/2022Murphy Oil11/3/2022
Phillips 6611/1/2022Chevron11/4/2022
Marathon Petroleum11/1/2022Enbridge11/4/2022
BP11/1/2022TC EnergyTC Energy
Chesapeake Energy11/1/2022EOG Resources11/4/2022
Ovintiv Inc.11/1/2022Diamondback Energy Inc.11/7/2022