Exxon posts record $56bn profit for 2022 in historic high for western oil industry

Company took home about $6.3m an hour last year as oil majors expected to break their own annual records

Exxon Mobil posted a $56bn profit for 2022, the company said on Tuesday, taking home about $6.3m an 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 $200bn. The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.