Danish energy developer Ørsted (ORSTED.CO) reported pre-tax profits of 893 million DKK (£101m) for the second quarter, as delays to key projects and “ineffective” hedging offset a rise in revenue.
Q2 2022 results
The United Nations chief has sharply criticised the "grotesque greed" of oil and gas companies for making record profits from the energy crisis on the back of the world's poorest people, "while destroying our only home".
Shell has given the vast majority of its employees a bonus equivalent to 8% of their annual salary as earnings surge to historic highs.
BP’s (LON:BP) chief executive has defended the company’s share buyback and dividend plans as campaigners criticised its record quarterly profits as "obscene".
Oil giant BP (LON:BP) again reported bumper second-quarter profits, which ballooned to more than $8.4 billion, but estimates it will pay an extra $800 million by the end of 2025 in the wake of the UK’s windfall tax.
Bosses at BP will likely be nervously eyeing the headlines that fellow energy giants Shell and Centrica generated last week as they prepare to present their own set of bumper profits.
Centrica resumed dividend payments for the first time since the start of the pandemic as profits from selling oil and natural gas rose six-fold.
Baker Hughes (NASDAQ: BKR) expects an “unusual set of circumstances and challenges” for the oil market through 2023.