Big Oil Saw Record $199Bn Profits In 2022 But 2023
Shell says its 2022 bill may total $2.4 billion. Earlier this month, Exxon indicated that fourth-quarter earnings took a hit of about $3.7 billion from weaker oil and gas prices compared with the
Oil price outlook 2023: Here what the analysts think
Piero Cingari, market specialist at Capital.com, said he is 渟lightly bullish?on oil prices for 2023. He noted that he of the view that $70 is the new $50 for US crude oil (WTI) - and highlighted how the US SPR releases are over. 淭he US has said it will replenish its strategic reserves when oil trades in the $68-$72 range, so there
Big Oil Is Preparing To Spend A Lot More In 2023
Last week, Brazil’s oil and gas supermajor Petróleo Brasileiro S.A. or Petrobras (NYSE: PBR) announced that it will increase 2023-2027 investments by about 15% to $78 billion over the company
Big Profits For Big Oil From The High Price Environment Of 2022
ExxonMobil XOM +0.4% became the second U.S. major integrated oil company to report record high profits during 2022 on Tuesday, announcing it had earned $55 billion for the calendar year. Exxon
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Governor Newsom Unveils Stronger Proposal to Hold Big Oil
WHAT YOU NEED TO KNOW: Governor Newsom special session proposal to hold Big Oil accountable now includes a dedicated, year-round independent watchdog to root out price gouging by oil companies. REMINDER: Big Oil made more than $200 billion in profits last year. SACRAMENTO ?Today, Governor Gavin Newsom and Attorney General Rob Bonta met
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Big Oil Is Preparing To Spend A Lot More In 2023
On Tuesday, Canada's third-largest crude oil and natural gas producer Cenovus Energy (NYSE: CVE) said it expects to spend C$4B-C$4.5B in FY 2023, higher than estimates of C$3.3B-C$3.7B for 2022
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Big Oil Made Record 2022 Profits While Fleecing California
Gas prices reached a high of $6.42 per gallon last fall, a record $2.61 more per gallon than the national average. Last fall spike occurred while crude oil prices dropped, state taxes and fees remained unchanged and gas prices did not increase outside the western U.S., so the high prices went straight to the industry bottom line.
