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Energy and Power

4 Min read

Why do oil companies ever lose money if they control the price of oil

Published On 26 Apr 2022 09:46 AM


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One thing is certain: oil prices remain over $100 per barrel. Oil firms will make a lot of money. However, there are many misunderstandings concerning the relationship between high oil prices and big profitability.

After years of studying both the public and our political leaders' reactions, it appears that they believe something along the lines of the following false tale.

They can envision ExxonMobil XOM -2.2 per cent....


Tags : Oil Companies, Chevron CVX -2.2 Per Cent ,
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