France, April 29 -- French gas giant TotalEnergies posted a 51 percent jump in first-quarter net profit to $5.8 billion on Wednesday, the latest sign of how war-driven oil shocks are boosting the world's biggest energy companies.
A day earlier, British company BP said its underlying profit had more than doubled to $3.2 billion, lifted by what it called "exceptional" oil trading as Gulf turmoil sent prices higher.
With London-based Shell and US oil majors ExxonMobil and Chevron due to report in the coming days after signalling stronger conditions, the scale of the industry's windfall is only beginning to emerge.
Conflict in the Gulf has rattled one of the world's most important oil-producing and transit regions, especially around the St...
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