The one “subsidy” that I know of is when Congress mandated blending of 10% ethanol in gasoline they subsidized it because of the additional cost.
While “record” profits sound HUGE and are, the margine is actually less than almost every other kind of business. Oil companies make profits on volumn, not high percentages of profit.
Oil companies make 2-4 cents profit per gallon of gasoline. The Feds take 18.5 cents...Who is gouging?