Plus, Corrado Russo, head of global securities at Hazelview Investments, shares some insight for real estate investors.
(Bloomberg) -- Exxon Mobil Corp. reaped a record $59 billion profit but disappointed some investors by holding the line on share buybacks. Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointPutin’s War in Ukraine Pushes Ex-Soviet States Toward New AlliesBrexit Is Costing the UK £100 Billion a Year in Lost OutputMicrosoft Studio Behind Halo Faces a Reboot on Years of TurmoilTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsFull-year p
Big Oil had a monster year in 2022. In the US, ExxonMobil and Chevron collectively made more than $91bn in net income. The record profits — which work out to a staggering $173,135 per minute — drove higher dividends and lofty share buyback plans.