Top Oil and Financial Firms Made $424 Billion in Windfall Profits in Two Years ...Middle East

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Top Oil and Financial Firms Made $424 Billion in Windfall Profits in Two Years
source : OILPRICE ( Middle East ) () 32
The biggest oil companies and the top financial institutions generated combined windfall profits of as much as $424 billion in the two years to June 2023, a report by ActionAid and Oxfam showed this week. ActionAid and Oxfam have looked at the 200 largest companies in the world by market capitalization to estimate their windfall profits, comparing the earnings in the two years up to June 2023 with profits in the four preceding years. Of these 200 companies, 14 were in fossil fuels and 22 in the banking sector, bringing the total to 36 companies…

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