Public E&P profits projected to hit record high $834 billion in 2022

PUBLIC exploration and production companies in 2022 are on track to shatter previous record profits due to high oil and gas prices along with surging demand driving financial success, Rystad Energy said yesterday.

Public E&P profits projected to hit record high $834 billion in 2022 Public E&P profits projected to hit record high $834 billion in 2022 Public E&P profits projected to hit record high $834 billion in 2022 Public E&P profits projected to hit record high $834 billion in 2022 Public E&P profits projected to hit record high $834 billion in 2022

Money heading to shareholders, not exploration

Global oil prices earlier this year breached the $100 per barrel price point for the first time since mid-2014 amid a tightening global supply situation as economies swing back from COVID-19 economic