Oil companies enjoy record profits as gas prices soar
ExxonMobil, Chevron, and Shell reported combined earnings of $46 billion for the second quarter. Gas prices surpassed the national average of more than $5 per gallon. Oil industry analyst Andy Lipow: “Higher energy prices are here to stay”. The second quarter saw record earnings for major Western oil firms and gas prices that had surpassed […] The post Oil companies enjoy record profits as gas prices soar appeared first on BOL News .
Oil companies enjoy record profits as gas prices soar
ExxonMobil, Chevron, and Shell reported combined earnings of $46 billion for the second quarter. Gas prices surpassed the national average of more than $5 per gallon. Oil industry analyst Andy Lipow: “Higher energy prices are here to stay”. The second quarter saw record earnings for major Western oil firms and gas prices that had surpassed […] The post Oil companies enjoy record profits as gas prices soar appeared first on BOL News .