A time of massive profits for big oil with fighting in Iran shutting off a key shipping artery | AP News
- NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.
- Six of Europe’s largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year.
- Profits at BP, based in London, more than doubled to $3.9 billion in the second quarter, the company said Tuesday.
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- NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.
- Six of Europe’s largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year.
- Profits at BP, based in London, more than doubled to $3.9 billion in the second quarter, the company said Tuesday.
Sources: AP