- Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.
- Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
- The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.