Reported 25 days ago
Exxon Mobil and Chevron reported better-than-expected profits for the third quarter, benefiting from record U.S. oil production that mitigated the impact of declining fuel margins. Despite challenges from weak demand, particularly in China, both companies achieved significant output increases, with Exxon reaching 4.6 million barrels per day. Although year-over-year profits dipped, they were less severe than anticipated and outperformed European competitors like BP and TotalEnergies.
Source: YAHOO