UPDATE: Biden To Float Windfall Tax On Energy Producers - AP

President Joe Biden on Monday will raise the possibility of imposing a windfall tax on energy companies as he seeks to pressure energy companies to lower prices for consumers, according to a report from AP, citing a person familiar with the matter.

U.S. listed energy companies reacted negatively to the headline.

• Exxon Mobil (NYSE: XOM)
• Chevron (NYSE: CVX)
• Occidental Petroleum (NYSE: OXY)
  

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