3 Jan 2023 6:36 am
No diapers for me, piss ant, the oil companies have ABSOLUTE CONtrol over your mind.Beekeeper » 03 Jan 2023, 6:22 am » wrote: ↑ Hey DIAPERboy, oil companies have absolutely ZERO control over oil prices. ABSOLUTELY zero. Which ALSO means they have NEAR ZERO control over profits AND LOSSES.
So do their LOSSES in 2020 get OFFSET by "record profits"???
Consider that in the past 10 years, major oil and gas companies suffered tremendous losses in 2014, 2015, and 2020. In fact, in 2020 the five integrated supermajors (i.e., “Big Oil”) – ExxonMobil, BP, Shell, Chevron, and Total – lost $76 billion. Oil prices plunged into negative territory in 2020. Were the oil companies feeling especially generous then?