Energy giants have so far notched up mammoth earnings of more than $200 billion US dollars (€187 million) between them for 2022 after a year of sky-high oil and gas prices.
Centrica has joined UK-listed oil firms BP and Shell in revealing record hauls, with their counterparts worldwide also benefiting from rocketing commodity prices in the wake of Russia’s war in Ukraine.
Here are examples of how profits at some of the largest energy companies rose in 2022 compared with 2021.
All figures are given in US dollars first, then pounds sterling, along with details of the type of profit reported.
– Centrica (underlying operating profits)
2021 $0.9 billion dollars
2022 $4.0 billion dollars
– Equinor (net profit)
2021 $8.6 billion
2022 $28 billion
– BP (underlying replacement cost profits)
2021 $12.8 billion
2022 $27.7 billion
– TotalEnergies (adjusted net income)
2021 $18.1 billion
2022 $36.2 billion
– Chevron (adjusted net profit)
2021 $15.6 billion dollars
2022 $36.5 billion dollars
– Shell (adjusted earnings)
2021 $19.3 billion dollars
2022 $39.9 billion dollars
– Exxon Mobil (net income)
2021 $23 billion
2022 €55.7 billion
