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Oil companies rake in huge profits amid pressure on consumers

Oil companies rake in huge profits amid pressure on consumers

Big oil companies saw profits soar in the third quarter of 2022, continuing a trend of massive industry profits even as Russia’s invasion of Ukraine sends prices skyrocketing for consumers. Exxon Mobil on Friday morning reported its highest ever profit of $19.7 billion for the quarter, while Shell announced its second highest of $9.5 billion. …

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Oil companies rake in huge profits amid pressure on consumers

Oil companies rake in huge profits amid pressure on consumers

Big oil companies saw profits soar in the third quarter of 2022, continuing a trend of massive industry profits even as Russia’s invasion of Ukraine sends prices skyrocketing for consumers. Exxon Mobil on Friday morning reported its highest ever profit of $19.7 billion for the quarter, while Shell announced its second highest of $9.5 billion. …

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