Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices
Bloomberg Markets's headline. Reported by Bloomberg Markets.
What Bloomberg Markets reported
Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia drove refining results to record highs. ExxonMobil Holdings Corp., Chevron Corp., BP Plc, Shell Plc and TotalEnergies SE all surpassed third-quarter expectations with combined adjusted net income of
The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.
Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices. Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia drove refining results to record highs. ExxonMobil Holdings Corp., Chevron Corp., BP Plc, Shell Plc and TotalEnergies SE all surpassed third-quarter expectations with combined adjusted net income of Covered by 1 publications. Bloomberg Markets: Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices.
Who is covering it
- Bloomberg Markets United States Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia drove refining results to record highs. ExxonMobil Holdings Corp., Chevron Corp., BP Plc, Shell Plc and TotalEnergies SE all surpassed third-quarter expectations with combined adjusted net income of 2 h ago · Tier 1
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
More from Business
Yemen's Houthis claim attacks on Saudi oil refinery and defense ministry
Earlier on Tuesday, a Houthi official said the Egyptian parliament's decision to authorize defensive military support for Saudi Arabia amounted to a declaration of war. Excerpt, Le Monde in English
Source Le Monde in English also The Jerusalem Post, Al-Monitor
Russian oil refinery struck as Ukraine renews drone attacks
Russian authorities say they intercepted more than 1,000 Ukrainian drones over multiple regions overnight. Excerpt, Al Jazeera English
Source Al Jazeera English also The Moscow Times, TASS
Exxon, Chevron Deliver Big Profits on Strong Refining
Exxon and Chevron shares rose in premarket trading after both companies beat earnings estimates due in part to strong refining margins and higher gas prices. Bloomberg's Kevin Crowley says the oil majors earned a combined $56 billion in the third quarter, the third highest on record. He reports from Excerpt, Bloomberg Markets
Source Bloomberg Markets