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
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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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