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Salon
Salon
Politics
Andrea Germanos

Oil execs got big pay amid price hikes

According to the Consumer Price Index U.S. consumer prices went up by 7.9% in the last 12 months. Joe Raedle/Getty Images

Research out Monday reveals that CEOs from 28 of the top oil and gas companies enjoyed a combined $394 million in total compensation in 2021, including through "eye-popping" bonuses that together topped $31 million.

The analysis from Accountable.US, first reported by The Guardian, comes as inflation-hit consumers see gas prices soaring while fossil fuel companies stand accused of making "gobs of money" off the global energy crisis triggered by Russia's invasion of Ukraine.

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