ExxonMobil and Chevron Report Lower Earnings
nytimes.com/2024/04/26/business/chevron-exxonmobil-oil-earnings-prices.html
ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower refining margins and plunging natural gas prices.
But the oil and gas business remains highly profitable for the two giants even at a time of moderate oil prices.
ExxonMobil said that earnings were $8.2 billion…
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