Natural gas prices have plunged 37% this year, and refining margins are lower than they were a year ago. Chevron faced similar issues this quarter. Oil and gas production profits fell 12% to $5.67 billion, compared with $6.46 billion in the same quarter last year due to lower natural gas...
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Prices are displayed at an ExxonMobil gas station on Tuesday in Houston, Texas (AFP photo) NEW YORK — ExxonMobil reported a profitable fourth-quarter on Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering energy demand. The oil company reported annual profi...
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Exxon's 4Q and annual profit plunge with oil prices More The Associated Press FILE - This April 29, 2014, file photo, shows an Exxon sign at a Exxon gas station in Carnegie, Pa. Exxon Mobil Corp. reports quarterly financial results on Tuesday, Feb. 2, 2016. (AP Photo/Gene J. Puskar...
Weak demand for those assets comes as rivals have written off the value of their own properties. BP, Chevron, Equinor ASA, Repsol SA and Royal Dutch Shell Plc last year cut a total of $22 billion primarily on U.S. assets due to sharply lower gas prices. Exxon has not signaled whether...
The reopening of the global economy and the Russian invasion of Ukraine sent energy prices soaring in 2022, breathing new life into the energy sector. Exxon Mobil hit an all-time closing high this year of $122.20 on April 10 as boiling tensions in the Middle East lifted...
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