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Exxon Mobil’s record $55.7 billion profit last year fuels criticism that it cashed in on war and sky-high gasoline prices

Posted on AllSides January 31st, 2023
From The Center
David Paul Morris/Bloomberg via Getty Images

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods.

The energy giant brought in $55.7 billion in annual profits, exceeding its previous record of $45.22 billion in 2008, when a barrel of oil soared close to $150.

Exxon’s bounty came as Americans shelled out $4 per gallon for gasoline throughout most of the spring and summer with millions hitting the road. At one point gasoline topped $5 a gallon. Supplies grew tight and prices rose globally after...

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https://fortune.com/2023/01/31/exxon-mobil-record-profit-2022-ukraine-war-high-gas-prices/

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