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High Energy Prices Lead to Record Profits For Oil Companies

High energy prices and profitable oil-refining margins have led oil giants and Shell PLC to see record profits. Second-quarter profits for Exxon Mobil Corp. rose to $17.9 billion, while Chevron Corp. posted a profit of $11.6 billion. Shell PLC, meanwhile, reported record quarterly profits of $16.7 billion. “The companies’ banner profits mark a significant turnaround [...] The post High Energy Prices Lead to Record Profits For Oil Companies appeared first on ETF Trends .
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