Oil companies made $200 billion in profits in 2022. Here's how

Oil companies such as ExxonMobil, Shell, Chevron, TotalEnergies and BP pulled in record profits in 2022, as the price of crude oil skyrocketed. But those record profits spurred backlash from politicians and others alike. President Joe Biden called it "a windfall of Russia's invasion of Ukraine" and criticized the industry for not investing enough in domestic production. Company executives on the other hand say that Biden's message conflicts with his call to push for greener alternatives.