Oil companies hit with backlash after bringing in $200 billion in profits last year
Publishing timestamp: 2023-03-03 11:00:01
Summary
Oil companies made record profits in 2022 due to high oil prices, but this has caused backlash from consumer advocates and political leaders. The industry has said that the depiction of oil companies as greedy war profiteers is false. They are also bracing for a world where demand for oil is expected to decline.
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Keywords: chevron corp, totalenergies se, bp plc, business news, shell plc, exxon mobil corp, oil and gas, energy,
Source: https://www.cnbc.com/2023/03/03/oil-companies-bring-in-200-billion-in-profits-in-2022.html