6 Jan 2023 2:19 am
you are a filthy homosexualsupraTruth4 » 03 Jan 2023, 4:05 am » wrote: ↑ https://oilprice.com/Energy/Energy-Gene ... -2022.html
Remember those highprices for the 1st half of the year?
Exxon And Chevron Set For Record $100 Billion In Profits In 2022
Exxon And Chevron Set For Record $100 Billion In Profits In 2022
By Tsvetana Paraskova - Jan 02, 2023, 6:00 PM CST
The surge in oil and gas prices will translate into record-high 2022 earnings for the two U.S. supermajors, Exxon and Chevron, with their combined yearly profits hitting nearly $100 billion, analysts say. The two oil and gas giants benefited from the soaring price of oil and gas following the Russian invasion of Ukraine. Although oil prices traded below $90 per barrel in the last weeks of 2022 and prices increased on an annual basis by only around 10% last year compared to 2021, extreme volatility and the frequent surges above $100 per barrel helped all oil firms, including the biggest American integrated companies, generate record or near-record quarterly profits and cash flows. Profits for 2022 would be at record highs. Chevron posted its highest-ever quarterly profits for the second quarter, thanks to high oil and gas prices and tight fuel markets driving multi-year high refining margins. For Q3, Chevron recorded its second-highest quarterly profit ever on the back of increased oil and gas demand and increased U.S. production. Exxon booked a record $19.66 billion profit for the third quarter, beating the previous record of $17.9 billion it booked for the previous quarter.
prices for the 1st half of the year?