) posted $59 billion in adjusted profit for 2022, the company said on Tuesday, taking home more than $6.7 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." Windfall profit taxes are"unlawful and bad policy," countered Mikells. Slapping new taxes on oil earnings"has the opposite effect of what you are trying to achieve," she said, adding it would discourage new oil and gas production.
💥
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech, megacaps drag Wall St lower at start of big market week By Reuters*TECH, MEGACAPS DRAG WALL ST LOWER AT START OF BIG MARKET WEEK - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸 🤦♂️ Working with expert Victoria has yielded fruitful results, I made about $140,000 with an investment of $20k in 1 week, connect her 𝐨𝐧 𝐟𝐚𝐜𝐞𝐛𝐨𝐨𝐤 Victoria E Morgan, whatapp +44 737 850 9930
Read more »