Exxon Stock Takes a Plunge: Q2 Profits Threatened by Looming Natural Gas Price Drop!
In its recent announcement, Exxon Mobil Corp.XOM, a leading player in the energy sector, projected a reduction in their second-quarter profits. This is primarily a result of the persistent slump in natural-gas prices. The impact on profitability is slated to be induced on its upstream operations–which majorly involve the initial stages of energy production including […]
“Chevron Thrives Amid Falling Oil Prices: Stock Gains as Energy Behemoth Boosts Profitability!”
Shares of Chevron Corp. increased as the oil and gas giant reported quarterly profits exceeding expectations and revenues beating forecasts despite a decline in oil prices. Chevron’s net income increased to $6.57 billion, or $3.46 per share, from $6.26 billion, or $3.22 per share, in the same period last year. After excluding nonrecurring items, the […]