API The Economics of Oil Company Earnings

  • oil company earnings reality over rhetoric-forbes
  • oil company earnings reality over rhetoric-forbes
  • oil company earnings reality over rhetoric-forbes
  • oil company earnings reality over rhetoric-forbes

Rhetoric To Reality: What To Watch After Oil Forbes

Nishita Shah & family Forbes

Energy Insiders Are Buying as Oil Prices Face Hard

Panjiva Data in the News — Panjiva

  • Which oil companies made the best quarterly profit?
  • Shell notched its strongest quarterly profit ever, and Chevron posted its best earnings quarter in nearly a decade. A new analysis from the Center for American Progress examined five major oil companies — Shell, ExxonMobil, BP, Chevron, and ConocoPhillips — as gas prices soar.
  • Which oil companies have a strong financial performance in the third quarter?
  • Shell reported the largest quarterly increase among Western oil companies, but Saudi Aramco dominated with earnings exceeding 27 billion U.S. dollars in the third quarter. This performance underscores the continued financial strength of state-owned oil enterprises in a volatile global energy market.
  • Do oil companies profit from the status quo?
  • Politicians are acutely aware that rising gas prices lead to public dissatisfaction and electoral consequences. As a result, while it’s true that oil companies profit from the current structure, it’s equally true that consumers are the primary beneficiaries of the status quo.
  • How do oil companies make money?
  • Additionally, these companies pay severance taxes, royalties, property taxes, and more, all of which generate significant revenue for governments. Further, the oil industry employs millions, who in turn pay income and property taxes.
  • Why do oil and natural gas companies make so much money?
  • Oil and natural gas companies generate significant profits, supporting over 9.2 million U.S. jobs and investing nearly $2 trillion in domestic capital projects over the last decade. Higher earnings allow them to plow more cash into new projects and jobs. It's important to note that these profits are not driven by government mandates, but rather by freely choosing consumers.
  • What's going on with big oil's quarterly performance?
  • The blowout quarterly performances have raised concerns of price gouging in the high-inflation environment. With gas prices acting as a major source of inflation, scrutiny of Big Oil's profits is at a fever pitch. Supply-chain snags. Overwhelming demand. Insufficient crude oil production. Refinery backlogs.