LONDON - Projections made by analysts Rystad Energy on Thursday show oil and gas-extracting companies — including ExxonMobil, BP and Shell — are set to make €776 billion profits this year, a new high exceeding last year's record of €493 billion by 70 percent.
The largest share is returned to investors, followed by debt-servicing, Rystad figures show. Investments in new oil and gas field remain relatively low.