UPDATE 1-White House blasts Exxon over historical $56 bln annual profit
Yahoo! Finance
The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp's record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. The scale has brought renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies. A White House statement said Exxon's profit margin was particularly galling as Americans paid record high prices at the pump.
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