Global oil giants are entering the gold fight, and many countries are considering imposing heavy taxes on them

Recently, global listed companies have released their second quarter financial reports

Oil and gas giants hit record profits

In the second quarter, the financial reports of many oil majors around the world hit record highs

One of the biggest drivers of record second-quarter profits at Exxon, Chevron and Shell was record refining margins in the second quarter

Elsewhere, U.

Analysts said the huge profits of the oil majors marked a major turning point for the global oil industry

Market participants believe that oil majors' refining margins may have peaked in the second quarter

Investors scramble to chase energy stocks

Global oil and gas demand has rebounded sharply as countries lift coronavirus quarantine measures

　　Oil and gas stocks have outperformed the broader market this year

　　For now, many institutional investors, such as pension funds and mutual funds, remain reluctant to back fossil fuel companies, largely because of concerns about their climate impact

　　Despite record profits, Exxon and Chevron said they would stick to relatively conservative spending plans in the oil sector, opting to reward investors and strengthen their finances

　　Given that oil companies are generating a lot of cash, they may be inclined to return most of that cash to shareholders, said Ryan Todd, an oil industry analyst at investment bank Piper Sandler companies

　　Countries plan to slap heavy taxes on oil giants

　　In Europe and the United States, the huge profits of oil giants are in stark contrast with the macroeconomic status quo, which has also become the focus of society

　　On August 3, at the launch of the third report of the UN Global Food, Energy and Financial Crisis Response Team, UN Secretary-General António Guterres called on governments to pay huge sums of money to large oil and gas companies that have made huge profits from the current energy crisis.

　　Guterres said it was "immoral" for oil and gas companies to reap record profits from the current energy crisis at a heavy cost to the poorest people and communities and the natural environment

　　In the United States, the Democratic Party of the United States recently released a statement by President Biden on the 2022 Inflation Reduction Act in the Senate

　　In Europe, some countries have begun to impose heavy taxes on oil giants