Oil and gas profits boom

Exxon Mobil, Shell and Chevron jointly posted $131 billion in profits for 2022, earning $14.96 million an hour and setting a historic high for the western oil and gas industry
 

Profit per quarter ($ billions, adjusted) 	$00.0bn	Annual profits
Time to earn $1 million (minutes)

9.4	13.2	14.8


	$55.74bn
5.48 	17.85	19.66	12.75
Q1	Q2	Q3	Q4


Feb 2, 2023: Shell announces record annual profits, doubling from 2021 and far exceeding previous record of $31bn set in 2008

	$39.86bn
9.13	11.47	9.45	9.81
Q1 			Q4


 	$35.46bn
6.26	11.62	11.23	6.35
Q1 			Q4

                  
Sources: Exxon, Shell, Chevron full-year 2022 results 
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