Frontline’s Profit Hits Record $659 Million as Geopolitical Risks Impact Tanker Rates
Frontline Q2 earnings beat estimates as tanker rates surged, profit hit a record and shares traded higher Friday.
Frontline made more money than ever before because ships that carry oil are in high demand right now. When you see big profits like this, watch whether the demand stays strong or if things calm down—that tells you if the company will keep doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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