U.S. and European giants deliver ‘excellent’ results despite the downturn in oil & gas prices

Three European oil majors – BP, TotalEnergies, and Eni – and their U.S. counterparts – ExxonMobil and Chevron – have revealed strong operating and financial performance in the first quarter of 2023 even though oil and gas prices have tumbled down from the highs seen at the peak of the global energy crisis during 2022.