Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a second term would be “disastrous” for the sector.
The country’s top-10 listed operators by value, which will finish reporting their 2023 earnings this week, are on track to have amassed combined net income of $313bn in the first three years of the Biden administration, up from $112bn during the same period under Donald Trump.
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