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Exxon announces record earnings

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ExxonMobil reported record earnings in 2022.

Profits for the company were roughly $56 billion last year.

The results drew criticism from the White House.

"The latest earnings reports make clear that oil companies have everything they need, including record profits and thousands of unused but approved permits, to increase production, but they’re instead choosing to plow those profits into padding the pockets of executives and shareholders while House Republicans manufacture excuse after excuse to shield them from any accountability," White House officials said.

Read more from Reuters.

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