04-30-23, 07:28 AM
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#311
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Chief of the Boat
Join Date: Feb 2006
Location: 250 metres below the surface
Posts: 181,344
Downloads: 63
Uploads: 13
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Meanwhile.....
Quote:
Oil giant ExxonMobil's profits more than doubled in the first three months of this year, helped by the increased demand for oil and gas.
The US energy firm said cost-cutting measures also contributed to its record $11.4bn (£9.1bn) first-quarter profits, up from $5.5bn a year earlier.
The jump came despite falling oil prices and a $200m hit from windfall taxes the company paid in Europe.
Rival US oil firm Chevron also reported an increase in its profits.
It made nearly $6.6bn between January and March, up 5% from the same time a year ago. It also paid a $130m "energy profits levy" or windfall tax in the UK.
https://www.bbc.co.uk/news/business-65427372
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