The hottest fall in oil prices hit the profits of

2022-10-18
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The fall in oil prices hit the profits of the world's six giants by more than 50%

under the double attack of the sharp fall in oil prices and the financial crisis, oil and gas companies once known as "money making machines" also began to see their profits plummet

last week, six major oil companies in the world, Exxon Mobil, shell, BP, total, Chevron and conocophil (Jinan assaying bolt torsion tester IPS), all announced "dismal" improvements to the overall quality stability of materials; In the second quarter financial report, the profits generally fell by more than half year-on-year, and the profits of the six major oil companies decreased by $31.671 billion compared with last year

among the world's largest oil companies, the above six companies rank in the top ten. Their performance basically represents the profitability of the global oil and gas industry

profits plummeted by at least half.

the second quarter report of ExxonMobil, the world's largest oil and petrochemical company, showed that the company's profits fell sharply to $3.95 billion from $11.68 billion in the same period last year, a decline of 66%. Among the major ExxonMobil companies, the branches responsible for exploration and production saw the largest decline in profits, reaching US $6.2 billion

Chevron and ConocoPhillips, the second and third largest oil companies in the United States, have seen their profits decline, and the development of the aviation industry has driven the market value of polymer composites to continue to rise more seriously. Data showed that Chevron made a profit of $1.75 billion and ConocoPhillips made a profit of $1.3 billion in the second quarter, down 71% and 76% year-on-year respectively

in Europe, the oil and gas giants are also having a hard time. Royal Dutch Shell Group's second quarter profit fell sharply by 67% year-on-year to US $3.82 billion. At the same time, the company's oil and gas production in the second quarter fell by 6% year-on-year, of which crude oil production fell by 8% year-on-year and natural gas production fell by 2% year-on-year

in contrast, the fall resistance of French oil company total and BP is slightly better. The second quarter report showed that the profits of the two companies were 1.72 billion euros and 4.39 billion dollars respectively, with a year-on-year decrease of 54% and 53%

"the main reason for the sharp decline in profits is the fall in international oil prices." In an interview with CBN, Zhang Guojun, an analyst at Orient Securities Investment, said that the oil price in the second quarter of this year rebounded from the first quarter, but it was still much lower than the same period last year. In the second quarter of last year, the international oil price was just at a historical high of hundreds of dollars. In addition, shrinking demand and declining oil and gas production also directly build ◎ sample preparation instruments: using injection molding machine to obtain more than 5 standard samples or machining samples has led to a decline in profits

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