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You are here News Energy Exxon, Chevron Rely on Record Prices for Gains as Output Drops

Exxon, Chevron Rely on Record Prices for Gains as Output Drops

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Exxon Mobil Corp. and Chevron Corp. may report their lowest production since 2005, leaving investors reliant on record energy prices to drive profit gains at the largest U.S. oil companies.

Second-quarter output fell more than 5 percent, the most in at least a decade.

TVNL Comment: Record prices with reduced demand. Do the math. Thank Dick Cheney.


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