Exxon and Chevron Smash Estimates!
ExxonMobil reported a record quarterly profit of nearly $20bn on Friday.
The largest US oil company’s results were echoed at rival Chevron, who had a Q3 profit of $11.2bn.
These results were almost triple what was earned a year ago.
Will earnings be affected by supposed windfall taxes being added in 2023, or will high inflation keep the oil giants propelled?