28 October 2017, Houston — Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their financial futures than better technology or cost cuts. Despite deep capital spending cuts and a refocusing on projects that can …
The post Exxon, Chevron results linked to oil price, not cost cuts appeared first on SweetCrudeReports.
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