In early September, Tengizchevroil (TCO) released its 2021 financials, showing revenue up 73% yoy to $15.9bln last year. Operating expenses increased 13% yoy to $1.08bln, with royalty payments increased by 130% yoy to $2.94bln. As a result, net profit increased 2.9 times yoy to $5bln. The main driver of revenue...
