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Camila Domonoske

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon Oil Chevron Joe Biden White House Darren Woods ExxonMobil

Gas prices are displayed at a Mobil gas station in Los Angeles on Oct. 28, 2022. ExxonMobil posted record earnings in 2022, benefitting from a surge in oil prices. (Mario Tama/Getty Images)

ExxonMobil earned nearly $56 billion in profit in 2022, setting an annual record not just for itself but for any U.S. or European oil giant.

Buoyed by high oil prices, rival Chevron also clocked $35 billion in profits for the year, despite a disappointing fourth quarter.

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Top stories on inkl right now

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While most of the crowd at a Stop Sexual Violence rally in New York City was mostly women, men of all ages were in attendance too

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Georgia power outage: Nearly 100,000 customers lose power as Hurricane Isaias sweeps across the state, bringing damaging winds and tornado threats

The Economic Times

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

‘People are pissed’: union decries TSA’s removal of chairs for checkpoint staff

Order for workers to remain standing to ‘reinforce professionalism’ draws rebuke amid plunging morale

The Guardian - US

Hurricane Simon live tracker map: Storm’s path as it makes landfall

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