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Energy Giants Rake in Record Profits Amid Oil Price Boom

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In June, President Biden proclaimed, “Exxon made more money than God this year.”

And while God isn’t required by the SEC to release financial statements, Exxon is—and its profits were truly almighty.

The energy giant brought in $17.9 billion in income in Q2—more than triple the amount from last year and an all-time record. The other two leading Western energy companies, Chevron and Shell, also reported record profits for the quarter. Collectively, the three companies banked $46 billion in profit in just three months; Exxon made the equivalent of $2,245.62 per second during that stretch, CNN Business calculated.

Read the full article by Neal Freyman here: https://www.morningbrew.com/daily/stories/2022/07/29/energy-giants-rake-in-record-profits-amid-oil-price-boom?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew&mid=be4ff8b6b0067a2e68ec0b59202d8cb1

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