Ahead of Expected Record Profits, Make Polluters Pay Campaign Says Big Oil Is Cashing In On War Again
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Oil majors are set to report second quarter earnings later this month that analysts expect to be the highest since 2022, when Russia's invasion of Ukraine sent crude prices soaring. Exxon Mobil is projected to report roughly $15.7 billion in adjusted earnings, and Chevron nearly $10 billion, both close to triple what they posted the previous quarter. A United Nations Development Programme policy brief released June 29th found the fallout from the conflict is still spreading well beyond the pump,
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