The war is bad for almost everyone, except for the big energy companies, according to Csaba Dömötör, State Secretary of the Prime Minister’s Cabinet Office.
In a video published on his Facebook page on Sunday, Dömötör stressed that the war is putting a huge economic burden on almost everyone, but there are some who are doing rather well even during this period. There are those who are “earning a bundle” from the rise in energy prices, he said.
“Yes, we are talking about the big international energy companies. Quite a lot of data is now in the public domain, so you can see what kind of year they had last year,” the politician pointed out. According to Dömötör,
- OMV had a record year, with 5 billion euros after tax
- Shell achieved its highest profit ever with 40 billion dollars, more than double its pre-war profit
- British Petroleum posted its best profit in the company’s 114-year history last year, with crude at 28 billion dollars, also more than double the year before
- France’s Total also posted historic revenues, with net profits of 20.5 billion dollars in 2021
- Chevron achieved record revenues of 35 billion dollars last year, also more than double the previous year
- Exxon raked in record revenues of 56 billion dollars.
No other company in the Western oil industry has ever had such high annual profits, earning around 2 billion forints an hour,”
Dömötör noted, adding that Hungary’s energy bill has significantly increased, and “companies, families, and the Hungarian state have to cover this.”
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