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France 24
France 24
Business
Charles PELLEGRIN

ExxonMobil rakes in record net profits in 2022, leading to backlash

ExxonMobil United States White House United Kingdom Hong Kong Oil Pandemic Ukraine
BUSINESS DAILY © FRANCE 24

US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic. The White House has called these profits "outrageous", leading to further calls for a windfall tax. Meanwhile in the UK, some 500,000 workers are expected to walk off the job this Wednesday amid a cost-of-living crisis. Finally, Hong Kong bans all CBD products, saying they are a "dangerous drug".

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