March 2, 2024



US oil giants reap windfall profits


July 30, 2022

US oil firms ExxonMobil and Chevron have reported record profits, reaping tens of billions of dollars due to a major surge in prices fueled by the conflict in Eastern Europe and a months-long Western sanctions spree on Russia, a major global exporter. 

Issuing their quarterly earnings reports on Friday, the petro-giants have both come out ahead, with Exxon seeing a 273% jump in profits compared to the second quarter of 2021, and 247% for Chevron

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