Exxon announces record profits for 2022 ...Middle East

ExxonMobil announced record profits for the year 2022, reporting it made $55.7 billion over the past year and drawing ire from the left. CEO Darren Woods said on Tuesday that the annual profits were a record for the company during an earnings call. He said that the company “benefited from a favorable market” but also made investing choices in the past that helped it “take full advantage of the undersupplied market.” His comments come after a banner year for the industry, amid a supply crunch and high prices linked to both pandemic recovery and Russia’s invasion of Ukraine. Other major energy companies including Chevron also posted record earnings for the year. Exxon’s profits w

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Exxon announces record profits for 2022 ...Middle East

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