If it's not 100% managed by the government it's only helping evil rich people and multinational corporations... that's how economics works in certain political circles.

Despite the thousands of workers it employs directly, supply chain income it generates to countless smaller firms, the actual oil being transported and exported, etc etc. All of those are heavily taxed and all of that "distributes" income to regular people whether through (often high paying) jobs or a higher tax income for the state.