Tue Mar 11, 2008 8:56pm GMT
WASHINGTON, March 11 (Reuters) – A U.S. congressional committee on Tuesday asked the leaders of the world’s five biggest publicly traded oil companies to testify at a hearing in early April on why the companies still need federal tax breaks while earning huge profits off record oil prices.
The House Select Committee on Energy Independence and Global Warming sent letters on the April 1 hearing to Exxon Mobil Corp (XOM.N: Quote, Profile, Research), Chevron Corp (CVX.N: Quote, Profile, Research), ConocoPhillips (COP.N: Quote, Profile, Research) and the U.S. units of BP Plc (BP.L: Quote, Profile, Research) and Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research).