Powerful corporations are using the pandemic as an excuse to raise prices and increase their profit margins – while consumers pay the price.

What is contributing to higher prices at the checkout line?

Corporate profiteering and monopoly power are big drivers of price increases. Megacorporations are taking full advantage of recent crises – the pandemic, supply chain issues, and the war in Ukraine – to charge customers more and pad their profit margins. And they hold enough market power to do so without fear of losing customers to other competitors. 

How does corporate profiteering impact workers, families, and small businesses?

While megacorporations are enjoying record-breaking profit margins and Wall Street is getting the “biggest payout in a decade,” people are struggling to afford basic necessities, like gas, groceries, diapers, and prescription drugs. And small businesses are struggling to keep their doors open. 

What are CEOs and their shareholders saying?

CEOs are brazenly boasting to investors about the pay off of their “pricing strategies.” But you don’t have to take our word for it. Decide for yourself.

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Mattel

Mattel repeatedly told analysts the company was benefiting from price increases beyond the cost of inflation Mattel’s CEO told analysts that the company was benefiting from “from pricing action...

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Mondelez

Mondelez’s CEO boasted that the company seeing sales increase even as it hiked prices Mondelez’s CEO boasted of 12% revenue growth thanks in part to “strong pricing” and “resilient demand...

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ConocoPhillips

ConocoPhillips expanded its stock buyback authorization after planning to spend $15 billion on dividends and buybacks in 2022 ConocoPhillips CEO boasted of the record oil production and increasing ...

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Chevron

Chevron spent more than $5 billion on dividends and buybacks in the past quarter alone Chevron’s CEO boasted the company returned over $5 billion to shareholders for the second quarter in a row. ...

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Valero

Valero told analysts the company was benefitting from tight capacity and it did not see the situation changing Valero’s CEO told analysts the company was benefitting from a situation where “glo...

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Exxon Mobil

ExxonMobil planned to funnel as much as $30 billion back to their Wall Street investors in 2022 Exxon’s CFO said the company was on track to spend $15 billion on dividends and $15 billion on stoc...

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