Last year, Big Oil annoyed their home governments by raking in billions on the back of soaring oil and gas prices. Those were caused by demand exceeding supply for hydrocarbons. The pain was especially great for the Biden administration. Despite its efforts to clip the industry’s wings, U.S. oil booked all-time high earnings. And while most used the money to pay down debt and boost shareholder returns, some set their sights higher and further into the future. Exxon made $56 billion in net earnings last year. This year, it used a…
Hence then, the article about big oil s mega acquisitions raise questions about peak oil demand was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Big Oil’s Mega Acquisitions Raise Questions About Peak Oil Demand )