On Friday, Chevron and Exxon reported profits for the second straight quarter, as improving demand for petroleum products and a jump in oil and gas prices boosted operations.
Still, the oil giants pointed to caution around capital spending plans.
Chevron said it continues to exercise discipline with its capital spending, which is down 32% this year from last year.
Will there be any further bumps in the road for oil as we head towards 2022?
Timestamps:
- CVX 02:35
- XOM 04:05
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