America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results. ExxonMobil earned $18.7 billion, excluding special items, up 6% from the second quarter results, which had been the record, and up 177% from a year ago. Earnings per share of […]
ExxonMobil and Chevron ratchet up profits to record levels in the second quarter, as both companies benefitted from the windfalls gained from the increase in energy prices. The war between Russia and Ukraine is partly responsible for the company’s current position. The huge earnings come as consumers reel from sky-high fuel costs that have helped drive inflation to levels not […]
ExxonMobil and Chevron have seen profits soar on the back of the rise in oil prices. ExxonMobil, America’s largest oil company, posted a net income of $6.8 billion, compared to a $680 million loss a year ago. Oil prices took a beating at the start of the COVID-19 pandemic until recently when travel and other economic activities resumed. But they’ve […]
