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Report: Big Oil making Big Big Money

Report: Big Oil making Big Big Money

The state-owned company Saudi Aramco posted a net profit of around $33 billion in the third quarter of 2023 alone.

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Content Creation & Admin
Feb 15, 2024
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Report: Big Oil making Big Big Money
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According to Statista, on February 7, French energy company TotalEnergies announced an annual net profit of $21.4 billion for 2023, an even higher result than in the record-setting year prior.

This increase by 4 percent year-on-year comes despite falling oil and gas prices after the Russia-Ukraine war sparked a price hike for oil and gas in 2022. As the…

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