Rival Supermajors Are Now Allies With Project Cooperation In Focus; Earnings Due

Blockhead
Aug 01

Chevron (CVX) and Exxon Mobil (XOM) report second-quarter earnings and revenue before the stock market open Friday, with analysts forecasting quarterly profit declines of around 30% for both U.S. supermajors, as the two companies are now set to be working closely on oil exploration in the second half of this decade. Before the reports early Friday, analyst consensus expects Exxon's…

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