When many countries are facing the hidden worries of the energy crisis, the record profits have made the oil and gas giants in the United States and Europe "cursed"!

"The revenue of the four oil and gas giants in the United States and Europe almost doubled
year-on-year in the latest quarter.
" Reuters combed through the latest quarterly reports of several international energy companies on July 29 and found that the total profit of ExxonMobil and Chevron in the United States and Shell and Total Energy in Europe exceeded $50 billion
.
Among them, ExxonMobil's quarterly profit reached $17.
9 billion, setting a record
for the highest quarterly profit of an international oil company.
The company is highly profitable and shareholders are also making a lot of money, and the data shows that the four companies paid a total of $23 billion
in dividends to shareholders in the second quarter.

The analysis believes that when the soaring international energy prices promote the aggravation of inflation in Western countries and a large number of ordinary people are difficult to bear the pressure of the cost of living, the huge profits and generous dividends of oil and gas giants will naturally become the target of politicians and social activists
.
US President Joe Biden criticized ExxonMobil by name in June for taking advantage of high oil prices, and there were endless calls for oil and gas giants to impose windfall profits taxes
.

Although the oil and gas giants of the United States and Europe are living well, in fact, many Western countries are facing the hidden worries
of energy crisis.
The Wall Street Journal of the United States used Chevron's performance data as an example to say that the output of energy companies is actually declining, and it is the rise in international commodity prices that has boosted the historic high performance
.
The company's global oil and gas production fell about 7.
4% year-on-year last quarter to 2.
9 million barrels of oil equivalent per day
.
While U.
S.
production rose by about 3.
2 percent, its international production fell by about 13.
4 percent
.
The company's record profit was driven by a significant increase in earnings from its oil and gas production business, which was $8.
6 billion, up from $3.
2 billion in the year-ago quarter; Revenue from its refined products business also increased by more than 300% to $3.
5 billion.

Other revenue totaled $65 billion, up from $36 billion in the year-ago quarter
.

The Wall Street Journal commented on the 30th that the United States is facing the most serious energy crisis in half a century, and the current energy crisis is very different from
the oil crisis in the 1970s.
The analysis believes that the era of a large number of cheap energy supplies has ended, and while the United States is hesitant to transition to clean energy, it has encountered the superimposed impact of emergencies such as the new crown pneumonia epidemic and the Russian-Ukrainian conflict, resulting in a serious imbalance
between supply and demand in the international energy market.

The article also said that there are serious deficiencies in the energy transition in the United States, that is, thermal power continues to withdraw, and the development of clean energy has not fully kept up with the demand for electricity, including the difficulty of connecting clean energy power generation to the grid, the serious fragmentation of the power grid, etc.
, and is highlighted as the chaos
of continuous power outages in the summer high temperature in many places.