That doesn't change the fact of the hit they took in leaving Russia, which you denied had happened.

The Reuters article is still accurate and unrefuted.

Oil companies are price takers in a global commodity feast or famine cyclical market and industry. At $100/barrel they print money. At $35/barrel in early 2020 they lost as much as they made now.

When there are supply bottlenecks it's the refiners that make the most money. Look how the crack spread between crude oil and gasoline due to the war in Ukraine.

The oil companies and their shareholders know it's boom-bust industry and the era of empire-building shale growth is over. Underinvestment since the 2014-16 bust will drive prices higher since OPEC has no spare capacity.

Rising rates and recession fears crushed oil stocks today. as Brent and WTI dropped 3.5%.

Average gas price is now under $4.00/gallon in 28/50 states (https://www.gasbuddy.com/usa).

In Portugal average is 1.80 euros/liter = $7.00 gallon. Spoiled Americans whose economic temper is as volatile as the USO oil ETF should take note and calm down.

Here's what salaries are in Portugal with gas prices double the USA:

Accountant – €21,970

Architect – €29,644

Doctor (General practice) – €28,500

Nurse – €24,557

Receptionist – €17,796

Teacher – €23,578

UX designer – €24,200

Developer/programmer – €28,194

Waiters/waitresses – €19,646

Hotel manager – €48,870

Project manager – €35,594

Travel agent – €27,292

Sales representative – €21,113