Newsom calls CA lawmakers to special session to approve penalties for oil companies [FOX News]
Phillips 66 (PSX)
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Source: FOX News
closeVideoFox News Flash top headlines for December 5Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.Furious about oil companies' supersized profits after a summer of record-high gas prices,California Gov. Gavin NewsomState lawmakers will briefly return to the state Capitol on Monday to swear in new members and elect leaders for the 2023 legislative session. But this year, Newsom also has called lawmakers into a special session for the purpose of approving a penalty for oil companies when their profits pass a certain threshold.It's bound to be a popular proposal with voters, who have been paying more than $6 per gallon of gasoline for much of the year. But the big question is how the measure will be received by California lawmakers, especially since the oil industry is one of the state's top lobbyists and campaign donors.BIDEN CALLS ON OIL COMPANIES TO ‘EXPAND SUPPLY’ AFTER DEMANDING ‘NO NEW DRILLING’ ON HIT MICAdding to the uncertainty is an unusually
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- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- PSX's page on the SEC website