ExxonMobil and Chevron Report Lower Earnings
Source: @BreaknNews
ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower refining margins and plunging natural gas prices.But the oil and gas business remains highly profitable for the two giants even at a time of moderate oil prices.ExxonMobil said that earnings were $8.2 billion in the quarter, compared with $11.4…
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