Associated Press
Why AP Media Bias Deserves High Level of Scrutiny
The Associated Press has historically been considered the "gold standard" of objective journalism. It operates a wire service, meaning local and national news organizations around the country use AP's content to fill gaps in their coverage. That means AP news content has extremely wide impact and reach.
As such, AllSides does particularly extensive analysis of AP. When AP displays political bias, or fails to portray political events, legislation, and perspectives in a balanced and even-handed way, the impact is broad and far-reaching. A media outlet that is relied upon by outlets all over the country deserves a high level of scrutiny when it comes to political bias.
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Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods.
The energy giant brought in $55.7 billion in annual profits, exceeding its previous record of $45.22 billion in 2008, when a barrel of oil soared close to $150.
Exxon’s bounty came as Americans shelled out $4 per gallon for gasoline throughout most of the spring and summer with millions hitting the road. At one point gasoline topped $5 a gallon. Supplies grew tight and prices rose globally after Russia invaded Ukraine and reduced energy supplies to Europe.
The year marked a dramatic turnaround from 2020 when travel ground to a halt during the coronavirus pandemic and demand for fuel evaporated. That year, the price for future oil contracts plummeted below zero at one point, dozens of oil and gas companies filed for bankruptcy protection and thousands of industry workers lost their jobs. Exxon, for the first time in decades, lost money in 2020.
Two years later, Exxon booked $12.75 billion in profits and $95.43 billion in revenue in just its final quarter.