Chevron posts record earnings for 2022 ...Middle East

California oil giant Chevron Corp. posted record profits of $35.5 billion last year, according to a 2022 fourth quarter report released on Friday. Last year’s earnings were more than double those of 2021, when profits reached only $15.6 billion. Driving up profits was a record annual cash flow from oil operations of $49.6 billion, according to the report. “We delivered record earnings and cash flow in 2022, while increasing investments and growing U.S. production to a company record,” Mike Wirth, Chevron’s chairman and CEO, said in a statement. Chevron is the second biggest oil company in the U.S., behind only ExxonMobil, which is set to release its own fourth quarter earnings ne

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