Coming after oil prices nearly doubled from a year ago, the results were expected, but Exxon and Chevron still beat analysts’ predictions for profits in the quarter. The results mean that five of the biggest Western oil companies — including Britain’s BP and Shell, as well as France’s TotalEnergies — are likely to have generated some $60 billion in earnings for the second quarter.
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Ala Pemex. They didn't invest in their infrastructure because the Mexican government was raping them. They ended up having to change their constitution to permit foreign investment to get their production back up.