Reported about 20 hours ago
As the global oil market faces a significant supply glut, Exxon Mobil is pursuing expansion projects, continuing to invest in growth despite low oil prices, while Chevron focuses on maximizing cash flow from existing operations to navigate the downturn. This divergence in strategy comes after both companies reported better-than-expected quarterly results, showcasing contrasting paths where Exxon aims for long-term growth and Chevron seeks to stabilize and generate immediate cash.
Source: YAHOO