Oil and gas majors’ profits to plummet in 2023
Despite a significant drop in profits in the first half of 2023 due to fluctuations in oil and gas prices, the oil and gas majors are maintaining their profitability thanks to their shareholder-oriented policies. Prospects for the current year look favorable, although environmental challenges remain.
| Sector | Gaz, Gaz naturel |
|---|---|
| Theme | Marchés & Finance, Résultat |
All the major oil & gas companies, including ExxonMobil and BP, suffered losses after an exceptional 2022. Profits for these companies plummeted in the first half of the year due to a lull in hydrocarbon prices. Despite this situation, they remain highly profitable.
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