Profit of oil companies rises in the first quarter of the year
BizLife 11.05.2022
The profit of some of the world’s largest oil companies in the first quarter of this year increased multifold compared to the same period last year.
Geopolitical tensions over the past three months have led to an already turbulent energy market becoming even more turbulent. This time, as we can see from the announcements of the oil companies’ results so far, this has had a strong positive effect on their financial results. Thus, in just two years, oil companies have had an incredible journey – from oil prices that hit the low of US$40 in April 2020 to returning to the level of over US$100 that we are witnessing