Fossil profits.

Surging U.S. oil production has helped ExxonMobil and Chevron notch their second-biggest annual profits in a decade, Financial Times reported.

While earnings were still lower than the 2022 records, these headlines underline the striking dissonance with the high-level political discourse calling for a shift away from fossil fuels.

Anca heashot

Anca Gurzu

Chief Europe Correspondent