Live Breaking News & Updates on Hunt Oil In Permian

Friday, April 30th, 2021
Oil prices posted gains for much of this week but traded down on Friday. A bit of profit-taking after strong gains, combined with concerns about the worsening outlook in India, likely contributed to the move down. 
Exxon and Chevron report big boost in profit.
ExxonMobil (NYSE: XOM) reported $2.7-billion profit in the first quarter, and
Chevron (NYSE: CVX) said it earned $1.4 billion.
Shale CEOs stick with restraint, mostly.
Ovintiv (NYSE: OVV) CEO Doug Suttles told Bloomberg that the industry is maintaining capital discipline. At the same time,
Continental Resources (NYSE: CLR) said that it would ramp up activity in the Bakken this year.  ....

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