Xfuels Inc (XFLS)

[Jose Chavez]

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year to date, Deloitte consultancy said on Monday.

The study illustrates the clash between the White House and oil companies over how skyrocketing profits from high energy prices should be allocated.