BP\n \n , Chevron\n \n , ExxonMobil, Shell and Total\n \n Energies raked in a record $199.3 billion in profits in 2022, benefiting from the surge in oil and gas prices that followed Russia’s invasion of Ukraine. TotalEnergies capped off the historic series of earnings Wednesday when it reported annual profit of $36.2 billion, more than double the previous year’s earnings.
More for oil and gas In comparison with rewards for shareholders, companies spent a fraction on renewable energy investments, even as they dialed up spending on oil and gas as demand recovered and European governments scrambled to replace Russian supplies. Globally, capital spending on oil and gas, excluding exploration for new deposits, was around $470 billion in 2022, according to Wood Mackenzie.
That also means skimming off excess profits 💰 for the state and society 😉
Performance and consideration are a common pair. Whoever receives should also give what he can. Altruism is always the opposite of selfishness. Without these two it doesn't work and society gets into trouble.
You mean they can do that every year?
石油は枯渇すると小学校に教えられたが、まだまだあるようだ。 燃料以外のさまざまな用途があるけれど、CO2削減の観点から原油の採掘を禁止し、 製品はリサイクルで賄ってみてはと思います。 負の連鎖は止まらない。
Nobody wants wind and solar.
They can thank the Biden Administration and Russia!
Compare that to the US Federal Government that collects about $10 Billion each and every day. In 20 days the US federal Government collects more money than the entire oil industry makes in profit in a record year.
Shameful that they continue to charge us a 600% markup price for gasoline ⛽.
Fossil fuel corps are responsible for climate change. Fossil fuel corps should be made to pay for climate change remediation. Not just a token amount but ALL their profits.
Cartel : an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. 'the Oil companies and drug cartels' Tell me how they are not, well I know they are
Maybe don’t support war with Russia and energy prices will fall.
Hammyhamster10 So why was energy prices so high, which is a major contributor to inflation 🤔 Meanwhile Lowe puts up interest rates for the pleasure of making energy companies richer Go figure CapitalistGreed
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Source: CNBC - 🏆 12. / 72 Read more »