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Diesel prices take flight
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Five oil majors to distribute more than $100bn to shareholders
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Five oil majors to distribute more than $100 billion to shareholders
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The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100 million for 2023 against a backdrop of growing public outrage at fossil fuel profits, a media report said.
The bumper payouts followed a year of record profits for big oil and gas companies after Russia s invasion of Ukraine upended global energy markets, triggering a rise in the international price of Brent crude and record gas prices across Europe.