US, Saudi Oil Cos Report Record Earnings Amid Soaring Gas Prices
View Source | August 14, 2022 3:17 pm
- Aramco also said half-year earnings reach nearly $88 billion, as gasoline prices worldwide have soared since start of Russia’s Ukraine invasion in February.
- Exxon Mobil reports unprecedented first-quarter $17.85 billion profit, while Chevron made record $11.62 billion.
- Aramco’s second-quarter earnings of $48.4 billion is a more than earnings for first six months of 2021, when profits reached just $47 billion.
- Company credited increase to higher crude oil prices, volumes sold, higher refining margins.
Continue to Article
Share This Article: