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GOUGE: Exxon Smashes Western Oil Majors’ Profits With $56 Billion In 2022

View Source | January 31, 2023 11:55 am

  • Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.
  • Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
  • The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.
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