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The oil giant has generated $722 billion in profit since 2016, funding everything from stakes in Tesla and Uber to new mega-cities in the desert.
Nationwide oil sales dropped in 2023 due to the northern pipeline outage, but federal exports hit a four-year high in December.
Saudi Arabia is cutting output by one million barrels a day, and Opec+ is keeping past cuts in place
Saudi Arabia, leading OPEC, and Russia insist that COP28 should focus on emissions rather than the fossil fuels causing them.
Export volumes are expected to slide further as Iraq makes new OPEC-plus commitment to support prices with reduced output.