Exxon, Chevron results linked to oil price, not cost cuts

October 27, 2017 by  
Filed under News

HOUSTON (Reuters) – Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their financial futures than better technology or cost cuts.

Source: Reuters Business News

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