Oil earnings slip: Exxon and Chevron Q2 profit hits 4-year low; revenue dips as crude prices stay weak despite output rise
Exxon Mobil and Chevron saw profits decline. This was their lowest in four years. Lower energy prices and increased OPEC+ oil supply impacted revenue. However, production volumes helped them beat expectations. Exxon’s production was the highest since the Exxon-Mobil merger. Chevron is acquiring Hess Corporation. OPEC+ plans to increase output, potentially pressuring crude prices. Geopolitical events also add uncertainty.🕒 1 min read
Exxon Mobil and Chevron saw profits decline. This was their lowest in four years. Lower energy prices and increased OPEC+ oil supply impacted revenue. However, production volumes helped them beat expectations. Exxon’s production was the highest since the Exxon-Mobil merger. Chevron is acquiring Hess Corporation. OPEC+ plans to increase output, potentially pressuring crude prices. Geopolitical events also add uncertainty.
Continue Reading
- Rupee Nears 93, Inflation At 10-Month High: How It Hits Your Pocket
- SpinVoyage Casino
- India charts strategy to soften 50% US tariff on exports, govt working overtime with stakeholders: CEA Anantha Nageswaran
- Chennai Super Kings Break Silence On Reports Of Releasing 5 Star Players Ahead Of Auction
- India vs England 5th Test Weather Today: Rain, Thunderstorm Set To Spice Things Up In London
-
‘Lion King’ Actor Imani Smith Stabbed To Death, Boyfriend Arrested
- AI’s productivity payoff yet to move the needle for IT cos
-
“Thug”: War Of Words Between Trump, Colombia President Intensifies
-
TCS layoffs: Amidst mass sackings, Tata Consultancy Services stops salary hikes & senior level hiring; ‘huge cost cutting in…’
-
Ex-India Star Backs Ishan Kishan As SRH Captain Despite Pat Cummins’ Return