Big Oil’s good times set to roll on after record 2022 profits

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Reuters UK

By Ron Bousso and Sabrina Valle LONDON/HOUSTON (Reuters) – The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia’s invasion of Ukraine with buoyant earnings likely to roll through 2023. Flush with cash, BP, Chevron, Exxon Mobil, Shell and TotalEnergies also delivered shareholders unprecedented returns through dividends and share buybacks last year. These firms are expected to post a combined profit of $199 billion for 2022 when they report final quarterly results later this…

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