Exxon and Chevron profits surge on rising oil prices due to Iran war
- watch nowExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
- Chevron's net income soared to $12 billion, a nearly 400% increase compared to $2.5 billion in the same period last year.
- Adjusted earnings came in at $6.06 per share, 50 cents higher than Wall Street's estimates.
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- watch nowExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
- Chevron's net income soared to $12 billion, a nearly 400% increase compared to $2.5 billion in the same period last year.
- Adjusted earnings came in at $6.06 per share, 50 cents higher than Wall Street's estimates.
Sources: Cnbc