Questions over new crude profits surge

摘要

THE oil majors are still under the cosh from environmental campaigners over carbon emissions and are taking the blame in some quarters for "fuel poverty", but investors appear to have rediscovered their affections for the sector. ExxonMobil, Shell and BP have all seen their shares rise by over 50 year-on-year as Brent crude pushes towards $100 per barrel, economies reopen after Covid lockdowns and fear of war in Ukraine grips the West. In some European nations, such as the UK and Spain, there is talk of imposing windfall taxes on the soaring profits of oil companies.