ExxonMobil posts record profits amid Russian expropriations and suing of EU over its ‘unfavorable’ tax grab

Wednesday, 01 February 2023

Exxon Mobil Corp., the leading global oil and gas company and LNG market operator, posted a record $56 billion net profit for 2022 and fourth-quarter earnings of $12.8Bln amid Russian expropriations while it is also being forced to sue the European Union over  $1.3Bln of “unfavorable items” associated with additional taxes on the US shareholder-owned company.

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