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E&C Announces Hearing with Six Oil Company Executives on Rising Gas Prices

Mar 29, 2022
Press Release

Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Oversight and Investigations Subcommittee Chair Diana DeGette (D-CO) announced today that the Oversight and Investigations Subcommittee will hold an oversight hearing on Wednesday, April 6, at 10:30 a.m. (EDT) in the John D. Dingell Room, 2123 of the Rayburn House Office Building, with six oil company executives on their business practices and the fossil fuel industry’s role in rising gas prices. The hearing is entitled, “Gouged at the Gas Station: Big Oil and America’s Pain at the Pump.” 

The following six oil company executives have agreed to testify:

  • David Lawler, Chairman and President, bp America, Inc.
  • Michael K. Wirth, Chairman and Chief Executive Officer, Chevron Corporation
  • Richard E. Muncrief, President and Chief Executive Officer, Devon Energy Corporation
  • Darren W. Woods, Chief Executive Officer, ExxonMobil Corporation
  • Scott D. Sheffield, Chief Executive Officer, Pioneer Natural Resources Company
  • Gretchen Watkins, President, Shell USA, Inc.  

“While American families struggle to shoulder the burden of rising gas prices from Putin’s war on Ukraine, fossil fuel companies are not doing enough to relieve pain at the pump, instead lining their pockets with one hand while sitting on the other,” said Pallone and DeGette. “It’s time we get to the bottom of why oil companies are content to watch Americans suffer so that their shareholders and executives can reap enormous profits. Our Committee looks forward to getting answers from these companies next week.” 

The hearing follows a letter Chairman Pallone sent to the six oil and gas companies earlier this month expressing concern that the industry is taking advantage of Vladimir Putin’s unprovoked invasion of Ukraine and global market shocks to keep prices high and increase their own profits.

This will be a hybrid hearing that includes both in person and remote member attendance via Cisco Webex video conferencing. Members of the public may view the hearing via live webcast accessible on the Energy and Commerce Committee’s website. Please note the webcast will not be available until the hearing begins.

The Committee strongly recommends that members of the media view the proceedings remotely. The Capitol and House Office Buildings currently have restricted access. Seating in the Committee room for credentialed media is very limited. Media must RSVP to their respective press gallery no later than 5 p.m. on Tuesday, April 5.

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Information for this hearing, including the Committee Memorandum, witnesses, testimony, and a live webcast will be posted HERE as they become available.