Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices

ExxonMobil, Chevron, BP, Shell, and TotalEnergies reported combined adjusted net income of $56.3 billion in the third quarter, exceeding analyst expectations. The five companies cited conflicts in the Persian Gulf and Russia as factors contributing to higher refining results. Bloomberg reported the earnings figures.

• Bloomberg — Big Oil Scores $56 Billion Windfall on Spiking Fuel Prices

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