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The Piney Point

Big oil companies continue to post banner profits as fighting in Iran drives prices higher

Big oil companies continue to post banner profits as fighting in Iran drives prices higher
Photo: KPRC 2 / Click2Houston (NBC) · view original

Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher. Six of Europe’s largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year. Profits at BP, based in...

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