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Bumper profits ebb at US oil giants as they tout big fossil deals

ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said

Ed markeyMike wirthDavid robertsBig oilDenbury incPioneer natural resourcesPermian basinSenator ed markeyChief executive darrenChevron chief executive mike

Bumper profits ebb at US oil giants as they tout big fossil deals

ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.The two petroleum heavyweights which in recent weeks have unveiled large takeovers of midsized fossil fuel players both reported third-quarter profits that were big, but dwarfed by those in the year-ago period.

Ed markeyMike wirthDavid robertsDenbury incBig oilPioneer natural resourcesPermian basinSenator ed markeyChief executive darrenChevron chief executive mikeFossil fuelsPioneer natural resourcesPermian basinAbalanced approachDarren woodsBarrels of oil equivalent

Bumper Profits Ebb At US Oil Giants As They Tout Big Fossil Deals

ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.

David robertsEd markeyMike wirthBig oilDenbury incPioneer natural resourcesPermian basinSenator ed markeyChief executive darrenChevron chief executive mike

Bumper profits ebb at US oil giants as they tout big fossil deals

Bumper profits ebb at US oil giants as they tout big fossil deals
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New yorkUnited statesEd markeyMike wirthDavid robertsBig oilDenbury incPioneer natural resourcesPermian basinSenator ed markeyChief executive darrenChevron chief executive mike

US oil giants return to profitability in Q1 on higher oil prices | Hellenic Shipping News Worldwide

US oil giants return to profitability in Q1 on higher oil prices After a string of losses, ExxonMobil and Chevron on Friday both reported a return to profitability in the first quarter, bolstered by a significant jump in oil prices. The results, which come amid a similar round of profits by Royal Dutch Shell, Total and other European petroleum giants, point to a much-improved demand outlook compared with last year, when oil prices tumbled midway through the first quarter as the coronavirus crisis shuttered large parts of the economy. “Earnings strengthened primarily due to higher oil prices as the economy recovers,” said Chevron Chief Executive Mike Wirth.

United statesMike wirthRoyal dutch shellInternational energy agencyChevron chief executive mikeNorth americaMobil chief executive darren woodsAgence france presseஒன்றுபட்டது மாநிலங்களில்மைக் வர்த்அரச டச்சு ஷெல்செவ்ரான் தலைமை நிர்வாகி மைக்வடக்கு அமெரிக்காமொபில் தலைமை நிர்வாகி டேரன் வூட்ஸ்