Advertisement

ExxonMobil and Chevron report record profits as oil prices surge

ExxonMobil and Chevron smashed profit records in the second quarter as the surging energy prices that followed Russia's invasion of Ukraine delivered a windfall for the US oil supermajors.
 
The huge earnings come as consumers reel from sky-high fuel costs that have helped drive inflation to levels not seen in decades across the US and Europe, threatening a political backlash against energy companies.
 
Exxon's second-quarter net profit was $17.9 billion, while Chevron's was $11.6 billion.


comments powered by Disqus
More Stories
Most Popular
NCB Financial sees increase in net profit
Alleged 90's Gang leader captured during...