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flag Major oil companies disclose $42B foreign payments, first under new SEC transparency requirement.

flag In 2023, Exxon Mobil, Chevron Corp, and ConocoPhillips disclosed over $42 billion in payments to foreign governments, nearly eight times their domestic payments. flag This was the first disclosure under a new SEC requirement aimed at increasing transparency in Big Oil’s global operations. flag Advocates argue this is essential to assess whether U.S. taxpayers are receiving fair value amid the U.S.’s rise as the world’s largest oil producer.

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