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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On a side....I just read an article...."Oct 25, 2022 The White House Economic advisor says that there is less than 25 days worth of diesel fuel in the U.S. And then what? Shipping comes to a hault presumably! When asked what the White House is going to do about the energy crisis, they keep telling us that they are keeping prices down."
Anyone know if this is true...can't imagine what will happen,
I have heard that the 25 day figure is how much diesel is currently available for purchase. If no more were added to the supply, then we would run out in 25 days. But diesel is still being produced, as is gasoline, kerosene, etc.
That 25 days is nearly the same as the number of days from now until Nov. 19 and another railroad strike opportunity.