Reported 2 months ago
ExxonMobil reported strong second-quarter earnings with record production levels, leading to a rise in its stock, while Chevron's profits fell short of consensus projections, causing its shares to decline. Exxon's net earnings grew by 17%, driven by a significant increase in production, while Chevron announced a leadership shakeup and plans to relocate its headquarters to Houston amid disappointing results.
Source: YAHOO