The outperformance under joe Biden underlines the limited role of the White House in dictating the sector’s fortunes.
Myles McCormick in Houston and Jamie Smyth in New York Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a second term would be “disastrous” for the sector. The country’s top-10 listed operators by value, which will finish reporting their 2023 earnings this week, are on track to have amassed combined net income of $313bn in the first three years of the...