ExxonMobil (NYSE: XOM) produced a prodigious profit last year. The oil giant tallied $55.7 billion of earnings in 2022, the most money ever earned by a Western oil company. It smashed Exxon's prior record of $45 billion in 2008.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
A unique set of market conditions is paying off for a company that began preparing for them years ago.