Big Oil had a record year in 2022, earning billions from the imbalance between oil and gas demand and supply, and from the massive uncertainty that geopolitical events and decisions in Europe precipitated. The record profits drove higher dividends and lofty share buyback plans. They are also drawing highly unwanted attention from governments.
And this attention might just become more focused this year, just when oil and gas prices are retreating. “Commodity prices are down across the board relative to record 2022 levels, but it still looks…Big Oil Reports Record Profits, But There's A Catch
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