Exxon Mobil and Chevron report skyrocketing profits in Q1

Chevron reported earnings of $6.3B up from $1.4B

Pumpjacks extract oil near Monahans, Texas, U.S. Photographer: Matthew Busch/Bloomberg

Exxon Mobil and Chevron on Friday reported big profits in the first quarter and revealed intentions to boost their positions in the LNG market. Chevron reported earnings of $6.3 billion compared with $1.4 billion year over year for the quarter. Exxon Mobil raked in $5.5 billion, up from $2.7 billion last year. The profits come […]

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