Monday, July 18, 2022

Russian-Controlled Kazakhstan's Largest Co Tengizchevroil, 50% Owned By US Chevron and 25% Owned By US Exxon Mobil, Posted 1Q 2022 Earnings of $2.233 Bil, Up 121% the $1.012 Bil Earned in the 1Q 2021

From Chevron's fourth footnote to its March 2022 financial statements filed with the US SEC, Tengizchevroil clearly dwarfs all other Kazakhstan Companies in Earnings that increased by 121% in the March 2022 quarter.

Summarized Financial Data — Tengizchevroil LLP

Chevron has a 50 percent equity ownership interest in Tengizchevroil LLP (TCO). Summarized financial information for 100 percent of TCO is presented in the following table:




It should be interesting to see just how much this Company's June 2022 Quarter's Earnings will be given how much higher World Oil & Gas prices were in the second quarter of 2022.

Chevron is a huge War Profiteer from Russia's invasion of Ukraine, recording 1Q 2022 worldwide earnings of $6.3 Bil, an increase of 349% from the $1.4 Bil it earned in the 1Q 2021.