Washington – (Reuters):
The White House expressed its anger, Tuesday, over Exxon Mobil’s record net profit in 2022 of $56 billion, a historic figure.
It is expected that the major oil companies will break their annual records thanks to high prices and increased demand, which will raise their combined profits to nearly $200 billion. This high level has attracted renewed criticism of the oil sector and prompted calls for more countries to impose more taxes on corporate profits.
The White House said in a statement that Exxon’s profit margin is outrageous, at a time when Americans are paying record high prices for fuel. The statement criticized attempts by Republicans in the House of Representatives to move forward with policies aimed at supporting the oil sector.
