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via finance.yahoo.comMarkets

Big Oil eyes record profits but keeps spending in check

FROM THE WIRE · FINANCE.YAHOO.COM

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord oil profits driven by a war premium on crude may affect the energy sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Oil majors have been earning strongly since the war in the Middle East began.
  2. 02The S&P 500 Energy sector booked 128.2% annual growth in the second quarter.
  3. 03Reuters predicted Shell could report an 84% increase in earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.