Oil Industry Analysis: Oil companies are making $6,100 in profits – every second

– Oil companies make $6,100 in profit — every second

The largest oil companies received an incredible 195 billion dollars in 2022. Where the super profits come from, why they are controversial and what a profit tax would change.

Bastian Brinkmann, Nakissa Salavati

Published: 02/10/2023, 19:40

The bosses of the largest oil companies make a profit of more than 740,000 dollars in two minutes. An oil refinery in the USA.

Foto: Getty

2022 was a dream year for the big oil companies. The five largest Western companies in the industry have just published their annual balance sheets – and presented record profits.
After Exxon, Chevron, Shell and BP, Total was the last company to present its figures this Wednesday. According to this, the companies together have a profit of around 195 billion dollars. That’s more than $6,100 per second.

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