Amid the crisis over the war in Ukraine, inflation and mounting heat waves, the oil giants are making record profits.
Information disclosed in April 2022 forecasts from the International Monetary Fund (IMF)this year there will be a global inflation of 7.4 percent, approximately.
Of course, the countries most affected by this price increase will be those of emerging or developing economies, for which an 8.7 percent inflation is calculated.
In the midst of the crisis, oil giants register record profits in 2022
Let us not forget, for nothing in the world, that these are times of crisis in many ways: climatic, political, war crises, added to the inflation derived from the war between Russia and Ukraine.
Based only on this information, specialists already refer that 2022 is a year of crisiswhere those who will suffer the most are those who have the least in terms of development opportunities worldwide.
On the other hand, as in any crisis, there is always a winner or winners, and in this particular case the oil giants, such as Repsol, Exxon, Shell, BP, among others, are the ones posting record profits, even when oil prices the energy is sky high.
To mention an example, Anglo-Dutch oil company Shell had net income of 11.5 billion dollars only between April and June this year.
However, the British BP consolidated in the second quarter of this year its best quarterly result since 2008obtaining a net profit of up to 9 thousand 300 million dollars.
If we look at the graph deposited at the beginning of this note, it can be seen that the great winner of the market is the American ExxonMobil, which, in the first half of the year, saved 17.9 billion greenbacks, more than triple what it reported in the same period in 2021.
Recall, however, that last month it was reported that Saudi oil seemed to be at maximum capacity.
According to what is reported by the Organization of Petroleum Exporting Countries (OPEC), Saudi oil has remained below its production quota before the arrival of the pandemic caused by Covid-19 and only once came close to its declared maximum production capacity in April 2020 amid a dispute with Russia.