Jan 22, 2020

Big Oil's big lobbying Q4

Photo: Bill Clark/CQ Roll Call via Getty Images

Fourth-quarter filings for Big Oil companies and trade groups are showing up in the handy Lobbying Disclosure Act database.

Why it matters: The totals are a periodic reminder of the industry money going into influencing federal policy and Congress.

  • The filings, while they vary in detail, often provide specifics on which bills and policy areas the efforts address.

Here are a few totals based on what's available and links to the filings:

  • The American Petroleum Institute, the industry's biggest trade group, reported $1.98 million in Q4 lobbying, up from $1.6 million in Q3 of 2019.
  • Exxon reported $2.65 million, up from $1.94 million in Q3.
  • Chevron reported $1.81 million in Q4, down from $2.25 million in Q3.
  • BP reported $1.5 million, compared to $1.26 million in Q3.
  • Shell reported $2.16 million in Q4, up from $1.68 million in Q3.
  • The Edison Electric Institute, which lobbies for investor-owned power companies, reported $2.1 million, similar to the roughly $2.2 million in Q3.

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The health care swamp has not been drained

Illustration: Aïda Amer/Axios

The health care industry has dramatically increased its federal lobbying under President Trump, and it has paid off for those companies.

Why it matters: The influence economy has only gotten bigger over the past three years, despite Trump's calls to "drain the swamp." Lobbying expenses have soared, and in the process, the health care industry has largely gotten what it wanted in Washington.

Go deeperArrowJan 28, 2020

S&P 500 companies expect declining earnings and profit margins for Q4

Reproduced from FactSet; Chart: Axios Visuals

S&P 500 companies are poised to see a 2.1% decline in earnings along with net profit margins of 10.7% , FactSet data show, based on reports from the companies that have so far reported their results from the fourth quarter of 2019.

Why it matters: Both numbers suggest overall weakness in 2019, analysts say.

Go deeperArrowJan 23, 2020

Bernie Sanders' campaign says it raised $25 million in January

Photo: Joe Raedle/Getty Images

Bernie Sanders' 2020 presidential campaign said Thursday that it raised $25 million in January.

Why it matters: It's a huge sum of money given that there is still a crowded field of Democratic candidates. In 2019's fourth quarter, Sanders pulled in $34.5 million — the most of any Democratic presidential hopeful — and he kicked off 2020 with a staggering $18.2 million in cash-on-hand.