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With New Facilities, US Energy Giant Exxon Mobil Posts Record Profits

Energy Giant Has Been Focusing on Structural Cost Reductions
Exxon Mobil set a new record high earnings of $55.7 billion in fiscal 2022. (Getty Images)
Exxon Mobil set a new record high earnings of $55.7 billion in fiscal 2022. (Getty Images)
CoStar News
January 31, 2023 | 9:22 P.M.

Exxon Mobil, the largest U.S. energy company in the Fortune 500, reported a company-high record net profit of $55.7 billion in fiscal 2022, marking not only all-time high earnings for the energy giant but also reportedly setting a historic high profit for Western oil majors.

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