OPINION: Big Oil has hit the sweet spot with a mixture of near record quarterly profits, rising crude output and surging share prices.

The astonishing turnaround from the dog days of Covid has left them at the top of the stock market leader board again, but increasingly vulnerable to calls for windfall taxes.

The oil majors have pleased investors with big dividend payments, but face continuing criticism from the general public whose grievances range from prices to concerns about climate change.