Risk is at the core of energy exploration and production. Fossil fuel megaprojects can fail spectacularly and commodity prices fluctuate. The flip side is whopping returns. Take 2022, a diamond year for Vermilion, the international oil and gas giant that operates the Corrib gas field in Co Mayo. Globally, the Canadian-headquartered producer enjoyed net profits of C$1.3 billion (€870 million) with Corrib alone delivering revenues of C$324.34 million, up from C$214.4 million. Record earnings and free cash flow created the right conditions to fund strategic acquisitions, reduce net debt by C$300 million, and return over C$100 million to shareholders through dividends…

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