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Chevron and Exxon profits drop on falling oil price
Chevron and Exxon reported a drop in quarterly profits on Friday on the back of falling oil prices and weak refining margins, as the oil industry braces for its toughest year since the pandemic. Chevron said net income fell by just over a third to $3.
Gas prices, though having risen slightly while oil prices continue to fall to prices not seen since 2021, could begin to dip ...
OPEC+ shocked the market earlier this month with plans to ramp up crude output, leading oil prices to post their worst ...
ExxonMobil (NYSE: XOM) is the 800-pound gorilla in the oil sector. The oil company showcased its prowess in the first quarter ...
Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected U.S. GDP data.
Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies ...
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Chevron also reported its lowest first-quarter profits in years, with per-share adjusted profit falling to $2.18 per share on ...
West Texas Intermediate crude is projected to average $64.60 a barrel this year, according to a survey compiled by The Wall ...
Crude oil prices are headed for their worst monthly drop since 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge.
Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0 ...
Crude oil futures tumbled over the past week, falling more than 6% as concerns over weakening global demand and a resurgent ...
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