Exxon And Chevron Smash Profit Records ...Middle East

U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday as oil and gas prices rallied and refining margins jumped to multi-year highs in the second quarter. ExxonMobil (NYSE: XOM) beat analyst expectations and booked second-quarter earnings of $17.9 billion, or $4.21 per share assuming dilution. This is nearly quadruple the $4.69 billion earnings for the second quarter last year, and more than triple the earnings from the first quarter of this year. Exxon’s per share earnings easily beat the analyst…

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