Not everyone is penny pinching at the gas pump these days — oil titans Shell and Paris-based TotalEnergies both reported record quarterly profits on Thursday, more than doubling their earnings from a year prior.
Not everyone is penny pinching at the gas pump these days — oil titans Shell and Paris-based TotalEnergies both reported record quarterly profits on Thursday, more than doubling their earnings from a year priorTotalEnergies shared a profit of $9.9 billion on Thursday while Shell announced adjusted earnings of $9.45 billion, a couple billion shy of their $11.
5 billion earnings last quarterThe energy giants are benefitting from high petrol prices and a gas squeeze in Eastern Europe, where Russia’s invasion of Ukraine has all but halted the continent’s primary fuel linesShell, meanwhile, has yet to pay the U.K.