The world's five largest oil companies - ExxonMobil, Chevron, BP, Shell and TotalEnergies - had a combined net profit of $56.3 billion in the third quarter. The result exceeded analysts' expectations, Bloomberg reported. The increase in profits was given by the fuel supply crisis amid conflicts in the Middle East and attacks on Russian infrastructure. According to the agency, global oil prices have risen by almost 60% since the end of February, and about 10% of global fuel production capacity has failed. ExxonMobil's financing unit received a record $9.05 billion, nearly 5 times more than a year earlier. Chevron's refining profit fell to $4.93 billion.

The world's five largest oil companies - ExxonMobil, Chevron, BP, Shell and TotalEnergies - had a combined net profit of $56.3 billion in the third quarter. The result exceeded analysts' expectations, Bloomberg reported. The increase in profits was given by the fuel supply crisis amid conflicts in the Middle East and attacks on Russian infrastructure. According to the agency, global oil prices have risen by almost 60% since the end of February, and about 10% of global fuel production capacity has failed. ExxonMobil's financing unit received a record $9.05 billion, nearly 5 times more than a year earlier. Chevron's refining profit fell to $4.93 billion.