Forex Trading Library

StockWatch: Oil Companies Reap Rewards on Price Boom!

0 331

Profits soared at America’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices.

ExxonMobil posted a net income of $6.8bn, whilst Chevron reported an adjusted profit of $5.7bn.

But as good as financial results are for the companies, the industry finds itself under renewed attack for its role in causing climate change.

Will we hear any surprises at the COP26 this week in Scotland?

Timestamps:

  • CVX 02:20
  • XOM 04:05

Trade over 200 of the hottest stock CFDs with spreads starting from 0.0 pips - Open your Orbex account today!

   
Leave A Reply

Your email address will not be published.