Exxon's huge $19.6bn oil profits draw new criticism from President Biden 

Rewarding energy shareholders has done nothing to appease US President Joe Biden, and in fact has fuelled his argument against Big Oil.

Exxon's $19.6bn third-quarter net profit far exceeded forecasts as skyrocketing natural gas and high oil prices put its earnings within reach of Apple's $20.7bn net for the same period.

Exxon Mobil responded directly to US President Joe Biden’s criticism of record energy industry profits by pointing to the company’s much-vaunted dividend, which it increased by a larger-than-expected amount. 

Exxon's $19.6bn third-quarter net profit far exceeded forecasts as skyrocketing natural gas and high oil prices put its earnings within reach of Apple's $20.7bn net for the same period.