Tag

Windfall Profits

All articles tagged with #windfall profits

world2 months ago•2 min saved

EU Redirects €1.4B from Frozen Russian Assets to Ukraine After Kyiv Attacks

The European Commission says €1.4 billion in profits from immobilized Russian central bank assets has been transferred to Ukraine, the fifth such payment and bringing total windfall profits to €8 billion. About 95% of the latest tranche will support Kyiv through the Ukraine Loan Cooperation Mechanism to repay EU and G7 loans, while 5% funds the European Peace Facility for Ukraine’s military needs, as Kyiv endures a deadly Russian missile and drone assault.

via politico.eu|

#eu #frozen-assets #russia

business2 months ago•2 min saved

Trump rails at oil giants for windfall profits amid Iran conflict

President Trump criticized ExxonMobil and Chevron for earning 'too much money' from rising crude prices tied to the Iran war, calling for price cuts as the companies posted large quarterly profits (Chevron up ~400% to $12B; Exxon $14.5B). Oil and gasoline prices have climbed, and shares moved as markets weighed the conflict and potential talks.

via CNBC|

#business #chevron #exxonmobil

energy2 months ago•40 min saved

Big Oil’s $26.5B windfall spurs talk of windfall taxes amid gas-price pain

ExxonMobil and Chevron posted a combined $26.5 billion in second-quarter profits, triggering political backlash and renewed calls for windfall taxes as high gas prices persist and the Iran war influences oil prices ahead of midterm elections; analysts say profits may stay elevated, while the industry weighs reinvestment risks amid policy uncertainty.

via The Washington Post|

#chevron #energy #exxon-mobil

business5 months ago•6 min saved

War-time windfall: oil giants poised to cash in on Iran conflict

Exclusive analysis shows the world’s top 100 oil and gas companies earned about $30 million per hour in March as oil prices averaged $100 a barrel amid Iran-related conflict, yielding an estimated $23 billion in windfall profits for the month and potentially $234 billion more this year if prices stay elevated, with Aramco, Gazprom and ExxonMobil among the biggest beneficiaries. The findings fuel EU discussions of windfall taxes to ease consumer bills and fund relief, while critics warn that ongoing fossil fuel dependence remains a national security and affordability risk.

via The Guardian|

#aramco #business #energy-prices

business6 months ago•2 min saved

Oil Giants Surge to Record Highs on War-Driven Oil Rally

Western oil majors jumped to record market values as the Iran–Israel conflict sent crude prices higher, with Shell, ExxonMobil and Chevron leading a roughly $130bn rise in value over two weeks and windfall forecasts for US majors (~$63.4bn) and BP/Shell (~£5bn) amid supply disruptions such as Qatar LNG force majeure and renewed calls for windfall taxes.

via The Guardian|

#business #energy #market