Friday, July 28, 2017

Exxon Mobil Q2 Profit Surges, But Misses View; Chevron Turns To Profit

Oil company Exxon Mobil Corp. on Friday reported a 97 surge in profit for the second quarter from last year, while Chevron Corp. reported a turnaround to profit in the quarter, both on higher revenues. The results reflect higher crude oil and natural gas prices as well as improved refining margins. However, Exxon Mobil's earnings missed analysts' expectations.

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