Western Oil & Energy Giants Report Enormous Profits in 2022 – Exxon Mobil $55.7 Billion, Shell $39.9 Billion, Chevron $36.5 billion, ConocoPhillips $18.7 Billion
4th February 2023 | Hong Kong
Western oil & energy giants have reported enormous profits in 2022, with Exxon Mobil reporting $55.7 billion in profit (3/2/23: $460 billion market cap), Shell reporting $39.9 billion (3/2/23: $200 billion market cap), Chevron reporting $36.5 billion (3/2/23: $327 billion market cap), and ConocoPhillips reporting $18.7 billion (3/2/23: $134 billion market cap). ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers. Shell is a global group of energy and petrochemical companies. Chevron is one of the world’s leading integrated energy companies. ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves.
“ Western Oil & Energy Giants Report Enormous Profits in 2022 – Exxon Mobil $55.7 Billion, Shell $39.9 Billion, Chevron $36.5 billion, ConocoPhillips $18.7 Billion “
ExxonMobil, Shell, Chevron & ConocoPhillips
ExxonMobil is one of the world’s largest publicly traded energy providers and chemical manufacturers, develops and applies next-generation technologies to help safely and responsibly meet the world’s growing needs for energy and high-quality chemical products.
Shell is a global group of energy and petrochemical companies with more than 80,000 employees in more than 70 countries. We use advanced technologies and take an innovative approach to help build a sustainable energy future.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines.
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $95 billion of total assets and approximately 9,400 employees at September 30, 2022. Production averaged 1,731 MBOED for the three months ended September 30, 2022, and proved reserves were 6.1 BBOE as of Dec. 31, 2021.
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