EnergyWatch

Higher oil prices boosted Wintershall in 2017

Earnings at the German oil giant doubled in 2017, where the company among other things benefited from higher oil prices.

Photo: Wintershall

The major German oil and gas producer had a great year during which increased oil prices helped double the result.

The company, which is owned by chemical giant BASF, announced in a press release that its operating result, EBIT, is now more than EUR 1 billion. More precisely, EUR 1.043 billion, which is an increase of 109 percent compared to 2016.

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