Western oil supermajors made nearly $200 billion last year while households struggle to pay their energy bills Oil giants Shell, BP, Exxon Mobil, Chevron and TotalEnergies posted a combined profit of $196.3 billion last year, according to the companies’ earnings reports. A record-high result for the oil industry, the sum tops the economic output of most countries. French oil giant TotalEnergies was the last to report on its earnings, announcing on Wednesday that its full-year profit in 2022 was $36.2 billion, double its total for 2021. US oil major Chevron and British giants BP and Shell also reported record-high
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