ExxonMobil posts record annual profit on rising energy prices
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Today, January 31, the leading US oil and gas corporation ExxonMobil informedthat at the end of 2022 it received a net profit of $55.7 billion, which became a historical record not only for the company itself, but also in the history of all Western energy companies. The previous record for profit of $45 billion was set by ExxonMobil in 2008, when oil prices jumped to $142 per barrel due to the global financial crisis.
Compared to 2021 ($23 billion), ExxonMobil’s net income has more than doubled. The company’s total revenue for 2022 amounted to $413.7 billion, which is 45% more than a year earlier ($285.7 billion). “Our hard work and reliance on our people has enabled us to achieve such strong financial and operational results,” said ExxonMobil CEO Darren Woods. pandemics have provided energy to people and the economy at a time when they most needed it – during the recovery period.
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