Market Analysis
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.
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BTC$62,533.00-3.27%
ETH$1,660.02-4.47%
USDT$0.9988-0.01%
USDC$0.9998+0.00%
XRP$1.10-3.16%
SOL$68.97-5.07%
TRX$0.3301-0.45%
FIGR_HELOC$1.04+0.35%
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DOGE$0.079-5.01%
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Shares of Shell, Palantir, Starbucks, and Shopify rose higher on Thursday following better-than-expected earnings reports.
Shell has become the latest energy company to post a record annual profit last year, reaping a record $42 billion profit.
Shell posted record profits for a second consecutive quarter amid soaring oil and gas prices.
Analysts say these two oil giants will gain in the long run by cutting dividends