The soaring energy prices that are driving up inflation worldwide have helped US oil giants Exxon amd Chevron to smash profit records.

Exxon Mobil has reported a record $17.85bn in net income during the second quarter, a period in which Americans struggled with painfully high prices at the pump.

Revenue jumped to $115.68bn, up from $67.74bn a year ago, as Russia’s invasion of Ukraine drove up crude oil and natural gas prices.

Chevron reported earnings of $11.62bn, also a record, during the three-month period, up from $3.08bn in the second quarter of 2021.



Source: The Guardian

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