Oil majors reap bumper profits
LONDON: Oil and gas giants Shell and TotalEnergies on Thursday reported soaring quarterly net profits as the Middle East war pushed up hydrocarbon prices — and the cost of living around the world. Britain’s Shell said profit after tax more than doubled year-o...
LONDON: Oil and gas giants Shell and TotalEnergies on Thursday reported soaring quarterly net profits as the Middle East war pushed up hydrocarbon prices — and the cost of living around the world. Britain’s Shell said profit after tax more than doubled year-on-year to $12.1 billion in the third quarter. France’s TotalEnergies net profit hit a new record of $8.3 billion in the July-September period. Rising fossil fue...