Oil profits have skyrocketed this year, fueled by surging oil prices. Most oil producers posted gushing profits in the first quarter, which will probably rise further in the second quarter because of ...
Oil prices have been on a blistering run this year. West Texas Intermediate, the main U.S. oil price benchmark, started 2022 at around $75 a barrel and recently topped out at over $130. While crude ...
ExxonMobil’s first-quarter earnings of $10.7 billion are up 69 percent from last year. Other oil companies are also scoring record gains. The five biggest oil companies together report more than $35 ...
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