Oil’s big profits spark political fallout

Last week, major oil companies reported eye-popping second-quarter profits while consumers suffer under high gasoline costs and inflation. POLITICO’s Ben Lefebvre breaks down what led to these record profits and what the companies are doing with the bulging coffers. Ben Lefebvre is an energy reporter for POLITICO. Josh Siegel is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.