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Big oil companies report soaring profits and increased production

Big oil companies report soaring profits and increased production

Major oil companies like Exxon Mobil, Shell and BP reported higher-than-expected profits due to increased oil and gas production, while Chevron's earnings fell short because of its refining business.

Shelby Webb and Heather Richards report for E&E News.

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oil and gas profits climate causes

Revealed: Oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years

The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed.

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