High Energy Prices Lead to Record Profits For Oil Companies
July 29, 2022 at 16:52 PM EDT
High energy prices and profitable oil-refining margins have led oil giants and Shell PLC to see record profits. Second-quarter profits for Exxon Mobil Corp. rose to $17.9 billion, while Chevron Corp. posted a profit of $11.6 billion. Shell PLC, meanwhile, reported record quarterly profits of $16.7 billion. “The companies’ banner profits mark a significant turnaround [...] The post High Energy Prices Lead to Record Profits For Oil Companies appeared first on ETF Trends .