The world’s largest oil companies are generating record profits, and they’re using a big part of the windfall to buy back their own shares. The five biggest public oil companies spent more than $20 billion on buybacks in the first half of this year. https://t.co/201tqMMUOr
— The New York Times (@nytimes) July 29, 2022
Chevron stock surges as profit more than triples and blows past expectations, as oil prices jump https://t.co/lK3u83NdE0
— MarketWatch (@MarketWatch) July 29, 2022
Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. https://t.co/b5njRIEsDL
— The Associated Press (@AP) July 29, 2022
Exxon, Chevron, and Shell, the three largest Western oil companies, banked a record $46 billion in collective profits in the second quarter, fueled by the highest energy prices in over a decade and lucrative oil-refining margins. – WSJ https://t.co/eQ8jw2SIRe
— andrew kaczynski (@KFILE) July 29, 2022
ExxonMobil's net income came to $2,245.62 every second of every day of the 92-day long quarter. On that basis, Chevron earned $1,462.11 per second. https://t.co/qolQQsCu63
— CNN (@CNN) July 29, 2022
Oil giants have made huge profits this year as prices and demand have soared. https://t.co/LBxV0UfGPv
— Axios (@axios) August 16, 2022
Sad! 