oil supermajors
Coverage of oil supermajors in the Nexus archive.
- Trump says oil supermajors are making too much money. What will they do with it?
Trump stated that oil supermajors are making too much money. He specifically accused both Exxon Mobil and Chevron of generating excessive profits. This financial windfall is reportedly fueling fresh political and environmental backlash.
- Saudi Aramco profits jump 33% in second quarter as Iran war squeezes oil supply
Saudi Aramco's profits increased by 33% in the second quarter as the Iran war reduced oil supply. Oil supermajors also reported high quarterly profits driven by elevated fossil fuel prices linked to the conflict.
- Behind Big Oil’s first-quarter beat: The quiet rise of trading desks
Europe's oil supermajors reported stronger-than-expected profits in the first quarter, driven by trading contributions. The companies highlighted the positive impact of their trading desks on their financial results. This boost in profits exceeded initial expectations.