Liam Dann: NZ Herald business editor on oil companies reporting record profits in 2022

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Recorded09 Feb 2023

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BP, Chevron, Shell, ExxonMobil, and Total Energies all earned $219 billion in 2022. All these major oil companies benefited from the surge in oil and gas prices that followed Russia's invasion of Ukraine. This marks a turnaround for the oil and gas industry, as they suffered profit losses in 2020/2021 following a reduced demand for energy during the Covid-19 pandemic. Liam Dann, NZ Herald business editor at large says this is good news for the investors, but bad news for the future of renewable energy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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