ExxonMobil reported a record quarterly profit of nearly $20bn on Friday.
The largest US oil company’s results were echoed at rival Chevron, who had a Q3 profit of $11.2bn.
These results were almost triple what was earned a year ago.
Will earnings be affected by supposed windfall taxes being added in 2023, or will high inflation keep the oil giants propelled?
Timestamps
XOM 01:35
CVX 03:05
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
