Latest Andrew Gross News

Unprecedented profit for major oil drillers as prices soared

Jul. 29, 2022 11:12 AM EDT

NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a...

More Memorial Day travel expected, despite high gas prices

May. 26, 2022 15:27 PM EDT

LOS ANGELES (AP) — To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country. For Marvin Harper, of Phoenix, his family’s...