© AFP | Oil majors are no longer getting burned by low oil prices
Either they increased their earnings or at least returned to profit compared with the same period last year.
With the exception of ExxonMobil they all benefitted from an increase in output from the same period last year, but more importantly they all profited from a rebound in crude prices as OPEC members and Russia agreed to limit production.
The price of the international benchmark Brent crude averaged $51.7…
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