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Oil Giants, After Surge in Profits, Are Wary About Spending

Por: The New York Times Business February 01, 2023

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Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for those companies and other big oil and gas producers is cloudy.They benefited for much of last year from higher prices for nearly all fuels as the continued recovery from the pandemic slowdown increased demand and the Russian invasion of Ukraine strained supplies. The... + full article



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