The largest oil companies are the winners of the war in Ukraine – writes “De Standaard”. “Billions of euros are flowing like never before. Shareholders are gaining, while energy consumers are paying sky-high bills,” we read.
BP doubled its profits to $ 6.2 billion in the first quarter of the year, Bloomberg reports. “Chevron made $ 6.3 billion, the highest value in a decade. Exxon Mobil made $ 5.5 billion and Shell made a profit of $ 9 billion,” the agency wrote.
The price of crude oil is now at its highest in 14 years and gas has never been so expensive in Europe. “Prices are rising, not so much production costs“- emphasizes Bloomberg.
