Big Oil Companies Report Record Profits Amid High Oil Prices
Earnings·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Chevron reported its highest quarterly earnings ever. Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time last year.
The surge in profits is attributed to high oil prices driven by wartime crude prices, reflecting the significant financial impact on major oil companies.
ChevronShellExxonMobil
Sources
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“Big Oil Companies Report Record Profits Amid High Oil Prices”
Yahoo Finance — Big Oil Companies Report Record Profits Amid High Oil Prices“Chevron reported its highest quarterly earnings ever.”
npr — Oil companies report sky-high profits thanks to wartime crude prices