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Big Three Oil Firms Made a Record $132B Profit in 2022
Shell has become the latest energy company to post a record annual profit last year, reaping a record $42 billion profit.
February 02, 2023
Oil Prices Fall as China Cuts Policy Rates by 10 BPS
Crude oil prices plunged to their lowest level in several months after China released weaker-than-expected economic data and announced an unexpected interest rate cut.
August 15, 2022
Shell’s Recording-Breaking Streak: $20.6B Profit Over Last Two Quarters
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
July 29, 2022
Oil Below $100 as Saudi Arabia Continues Talks for Using Yuan instead of USD
Saudi Arabia has accelerated talks with China regarding pricing oil in Yuan as its economic relationship with the US continues to diminish.
March 16, 2022
BP Exits Russia with Potential $25B Loss, More Companies to Follow
Western companies sever relations with Russia as sanctions imposed on the Eurasian country rises following its invasion of Ukraine.
March 01, 2022