These oil companies made $93.3bn in profit last quarter

Analysis of 28 select companies showed a median growth of +127%

Q1 profit ($m)

YoY %

growth

Company

2021

2022

Coterra Energy

$149

$818

+449%

ConocoPhillips

902

4,289

+375

Marathon Oil

166

749

+351

Equinor

4,085

17,991

+340

Devon Energy

298

1,255

+321

EQT Corporation

83

334

+302

Chevron

1,730

6,543

+278

ExxonMobil

2,761

8,833

+220

Shell

3,234

9,130

+182

EOG Resources

946

2,346

+148

Diamondback

Energy

379

929

+145

BP

2,630

6,245

+137

Median company

363

1,100

+127

Cheniere Energy

1,452

3,153

+117

TotalEnergies

8,170

17,424

+113

APA Corp

346

668

+93

Ovintiv

293

559

+91

Halliburton

170

314

+85

Marathon

Petroleum

1,552

2,639

+70

Pioneer Natural

Resources

1,178

1,982

+68

Hess

252

404

+60

Chesapeake

Energy

290

436

+50

Murphy Oil

255

361

+42

Enbridge

1,309

1,366

+4

TC Energy

886

884

+0

Occidental

Petroleum

-136

2,127

-

Phillips 66

-509

595

-

TechnipFMC

-15

-13

-

Valero Energy

-666

944

-

Q1 profit ($m)

YoY %

growth

Company

2021

2022

Coterra Energy

$149

$818

+449%

ConocoPhillips

902

4,289

+375

Marathon Oil

166

749

+351

Equinor

4,085

17,991

+340

Devon Energy

298

1,255

+321

EQT Corporation

83

334

+302

Chevron

1,730

6,543

+278

ExxonMobil

2,761

8,833

+220

Shell

3,234

9,130

+182

EOG Resources

946

2,346

+148

Diamondback Energy

379

929

+145

BP

2,630

6,245

+137

Median company

363

1,100

+127

Cheniere Energy

1,452

3,153

+117

TotalEnergies

8,170

17,424

+113

APA Corp

346

668

+93

Ovintiv

293

559

+91

Halliburton

170

314

+85

Marathon Petroleum

1,552

2,639

+70

Pioneer Natural Resources

1,178

1,982

+68

Hess

252

404

+60

Chesapeake Energy

290

436

+50

Murphy Oil

255

361

+42

Enbridge

1,309

1,366

+4

TC Energy

886

884

+0

Occidental Petroleum

-136

2,127

-

Phillips 66

-509

595

-

TechnipFMC

-15

-13

-

Valero Energy

-666

944

-

Q1 profit ($m)

Company

2021

2022

Year-over-year % growth

Coterra Energy

$149

$818

+449%

ConocoPhillips

902

4,289

+375

Marathon Oil

166

749

+351

Equinor

4,085

17,991

+340

Devon Energy

298

1,255

+321

EQT Corporation

83

334

+302

Chevron

1,730

6,543

+278

ExxonMobil

2,761

8,833

+220

Shell

3,234

9,130

+182

EOG Resources

946

2,346

+148

Diamondback Energy

379

929

+145

BP

2,630

6,245

+137

Median company

363

1,100

+127

Cheniere Energy

1,452

3,153

+117

TotalEnergies

8,170

17,424

+113

APA Corp

346

668

+93

Ovintiv

293

559

+91

Halliburton

170

314

+85

Marathon Petroleum

1,552

2,639

+70

Pioneer Natural Resources

1,178

1,982

+68

Hess

252

404

+60

Chesapeake Energy

290

436

+50

Murphy Oil

255

361

+42

Enbridge

1,309

1,366

+4

TC Energy

886

884

+0

Occidental Petroleum

-136

2,127

-

Phillips 66

-509

595

-

TechnipFMC

-15

-13

-

Valero Energy

-666

944

-

Q1 profit ($m)

Company

2021

2022

Year-over-year % growth

Coterra Energy

$149

$818

+449%

ConocoPhillips

902

4,289

+375

Marathon Oil

166

749

+351

Equinor

4,085

17,991

+340

Devon Energy

298

1,255

+321

EQT Corporation

83

334

+302

Chevron

1,730

6,543

+278

ExxonMobil

2,761

8,833

+220

Shell

3,234

9,130

+182

EOG Resources

946

2,346

+148

Diamondback Energy

379

929

+145

BP

2,630

6,245

+137

Median company

363

1,100

+127

Cheniere Energy

1,452

3,153

+117

TotalEnergies

8,170

17,424

+113

APA Corp

346

668

+93

Ovintiv

293

559

+91

Halliburton

170

314

+85

Marathon Petroleum

1,552

2,639

+70

Pioneer Natural Resources

1,178

1,982

+68

Hess

252

404

+60

Chesapeake Energy

290

436

+50

Murphy Oil

255

361

+42

Enbridge

1,309

1,366

+4

TC Energy

886

884

+0

Occidental Petroleum

-136

2,127

-

Phillips 66

-509

595

-

TechnipFMC

-15

-13

-

Valero Energy

-666

944

-