Big Oil’s War-Related Profits Anger Governments

Supermajors are set to report bumper profits for the second quarter thanks to the surge in oil and gas prices, driven higher by the hosti…

Source OilPrice AI Summary Updated 2h 07m ago

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Supermajors are set to report bumper profits for the second quarter thanks to the surge in oil and gas prices, driven higher by the hostilities between the United States, Israel, and Iran. This is a problem for governments—notably the Trump administration, but politicians in Europe are angry at Big Oil’s good fortune again. Oil prices soared fourfold earlie…

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Big Oil’s War-Related Profits Anger Governments

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