Earnings Plunge: ExxonMobil and Chevron Report Lower Profits
Houston, Texas – ExxonMobil and Chevron, two of the biggest oil companies in the United States, have reported lower earnings in their recent financial reports. This news comes amidst a challenging time for the oil industry, as the global demand for oil has been impacted by various factors, including the ongoing COVID-19 pandemic and fluctuations in oil prices. ExxonMobil’s earnings took a hit as a result of lower natural gas prices and squeezed refining margins. …