Big Profits For Big Oil From The High Price Environment Of 2022
XOMbecame the second U.S. major integrated oil company to report record high profits during 2022 on Tuesday, announcing it had earned $55 billion for the calendar year. Exxon’s announcement came on the heels of Chevron’s CVXannounced 2022 profit of more than $35 billion, also a company record. “The …