Exxon smashes Western oil majors' earnings record with $56 billion profit for 2022

posted a $56 billion 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.

"Overall earnings and cashflow were up pretty significantly year on year," Exxon Chief Financial Officer Kathryn Mikells told Reuters. "So that came really from a combination of strong markets, strong throughput, strong production, and really good cost control." Exxon boasted that its cash flow from operations soared to $76.8 billion last year, up from $48.1 billion in 2021.

Source: News Formal (newsformal.com)

T god

🤬

Nationalize the oil industry.

Hahahahahahahahahahahahaha$hahahahahahahahahaha

We need to smash capitalism. It's a massive failure and is literally killing us.

And yet can't pay employees enough to live on.

'We now have airtight..evidence that ExxonMobil accurately predicted global warming years before it turned around and publicly attacked climate science and scientists….ExxonMobil's public denial of climate science contradicted its own scientists' data,'

Crimes Against Humanity

Context on oil prices in this episode.

Not sure why this is news since everyone on earth knows that gas prices (and food) inexplicably doubled right after covid lockdowns ended when folks all went back to work and school.. oh.. wait.. maybe that’s not inexplicable

Although it saddens me to say this but how on earth can some people still seriously claim that “fossil fuels are done” and these “oil majors are bad investments”. Morally? Sure. But financially?

🔥🔥🔥🔥

Exxon smashes Western oil majors' emissions record with plans to celebrate after robbing our children of a future without an unprecedented struggle to survive. I believe we have a duty to defend our children and their future by any means necessary. Wars have started for less.

I'm so glad all that gain sharing will trickle down to all their employees...

Well that is interesting. Prior to slamming them, I would want to know what the running average is as the news never reports their losses?

38 years of criminal lawlessness

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