BP, Chevron, Shell, ExxonMobil, and Total Energies all earned $219 billion in 2022.

All these major oil companies benefited from the surge in oil and gas prices that followed Russia's invasion of Ukraine.

This marks a turnaround for the oil and gas industry, as they suffered profit losses in 2020/2021 following a reduced demand for energy during the Covid-19 pandemic.

Liam Dann, NZ Herald business editor at large says this is good news for the investors, but bad news for the future of renewable energy.

LISTEN ABOVE

BP, Chevron, Shell, ExxonMobil, and Total Energies all earned $219 billion in 2022.
All these major oil companies benefited from the surge in oil and gas prices that followed Russia's invasion of Ukraine.
This marks a turnaround for the oil and gas industry, as they suffered profit losses in 2020/2021 following a reduced demand for energy during the Covid-19 pandemic.
Liam Dann, NZ Herald business editor at large says this is good news for the investors, but bad news for the future of renewable energy.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.