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Oil executives reject accusations of price gouging

WASHINGTON — Top oil company executives clashed with House lawmakers on Wednesday over high gasoline prices, dismissing claims by Democrats that they were taking advantage of a global crisis to gouge consumers.

During a six-hour hearing, Democrats on a House oversight committee lambasted leaders of Exxon Mobil Corp., Chevron Corp. and other oil giants for raking in historically high profits while slowing investment in U.S. production.

wsj

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