Exxon profits at record high in 2022 as energy prices soared

Exxon Mobil posted record annual profits in 2022 (Matthew Brown/AP/PA)

Exxon Mobil posted record annual profits in 2022 as prices rose for petrol, home heating and consumer goods.

The oil giant brought in 12.75 billion dollars (£10.36 billion) in profits in the fourth quarter, bringing annual profits to 55.7 billion dollars (£44.7 billion).