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Exxon smashes Western oil majors’ profits with $56 billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …

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Boeing’s 747, the original jumbo jet, prepared for final send-off

Final 747 freighter to be delivered to Atlas Air Ends more than five decades of commercial output Nearly bankrupt Boeing, before becoming a cash cow Easy to fly, says rock star-pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – Boeing’s (BA.N) 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see …

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Oil falls by $1/bbl as rate hike fears outweigh tighter US stockpiles

US weekly jobless claims rise modestly; GDP revised up Winter storm threatens holiday travel for millions in US NEW YORK, Dec 22 (Reuters) – Oil fell by around $1 a barrel on Thursday in volatile trade as the impact of tighter US crude stocks due to a winter storm in the United States was outweighed …

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