While Nigeria is recording losses despite the high oil prices, ExxonMobil, Chevron, BP, Shell, and TotalEnergies are set to declare $200 billion.While Nigeria is recording losses despite the high oil prices, ExxonMobil, Chevron, BP, Shell, and TotalEnergies are set to declare $200 billion.
The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings, Oilprice reported. The record quarterly earnings, which the majors reported for the second and third quarters of 2022, have already drawn intense criticism from the White House, which has scrambled to have gasoline prices down from the record levels seen in June. The Biden Administration has accused Big Oil of “war profiteering” and has called on companies to invest in more supply or “face higher taxes.” In Europe, the record earnings are already subject to windfall taxes, which ExxonMobil has challenged in court.
You can't sow Corn & reap Yam. When you have MBuhari NGRPresident as Minister etc.
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