‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies

graph-prices
Aramco’s profit falls sharply, underscoring the twin impact of an oil-price rout and the coronavirus on Saudi Arabia’s worsening finances
May 13, 2020
Global Oil
Venezuela to escort Iranian tankers bringing needed fuel
May 22, 2020
graph-prices
Aramco’s profit falls sharply, underscoring the twin impact of an oil-price rout and the coronavirus on Saudi Arabia’s worsening finances
May 13, 2020
Global Oil
Venezuela to escort Iranian tankers bringing needed fuel
May 22, 2020

‘Stealth Bailout’ Shovels Millions of Dollars to Oil Companies

As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives. Read the full article here

Comments are closed.