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Exxon soars to record annual profit as analyst calls Permian Basin 'key part' of growth

Por: MarketWatch Business February 01, 2023

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The oil company also reported record annual earnings of $55.7 billion for 2022 in its quarterly results, saying that it achieved the profit “by leveraging an advantaged portfolio and delivering strong operational performance.” Exxon shares slid after the results but then turned higher, up 1.8% and among the top energy gainers in the S&P 500 index. Exxon’s Permian production hit a record in the quarter of more than 560,000 oil-equivalent... + full article



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