Inevitable astronomical benefits
The profits of energy companies this year have been defined as "windfall profits". Mistake, that fortune comes from outrageous prices paid by companies and workers.
Repsol and Moeve have reported significant profits for the first nine months of the year. Repsol's earnings are 5,006 million euros, a 325% increase from the previous year. Moeve's profits are 1,430 million, representing a 481% or 140% increase, depending on whether the adjusted net profit is considered.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
