Japan’s Inpex lifts full year profit estimate on stronger oil, gas prices
Japan’s biggest oil and gas explorer Inpex Corp 1605.T on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support. A rapid recovery in demand after the end of pandemic lockdowns and a surge in energy prices, driven by Russia’s invasion of Ukraine, have boosted profits for energy companies worldwide. Inpex now predicts its 2022 net profit to reach 350 billion yen ($2.6 billion), against its May estimate of 300 billion yen, ...
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