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Oil Giants See Profits Triple


BP reported a profit of $8.5 billion for Q2, its biggest in 14 years, as the oil giant cashes in on higher oil prices.

With the Russia and Ukraine conflict disrupting global energy markets, ExxonMobil and Chevron reported that their profits had roughly tripled in Q2.

As higher inflation and the cost of living spirals out of control, will Q3 see even more record breaking profits for these oil giants?

BP 01:54
CVX 03:05

The post Oil Giants See Profits Triple appeared first on Orbex Forex Trading Blog.

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