Earnings Season Is Here, And Energy Companies Are Booming ...Middle East

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Earnings Season Is Here, And Energy Companies Are Booming
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Much to the chagrin of snowflakes everywhere, big oil and energy firms are slated to post a quarter of record profits in the coming weeks.  Thanks to the volatility in markets as a result of both Covid lockdowns and the conflict in Ukraine, the first six months of 2022 are slated to be the best on record for many energy majors and traders.  Names like Exxon, Vitol, Glencore, BP, Shell and TotalEnergies are all expected to report "very strong returns", according to a preview put together by Reuters this week.  One source told the…

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