বাংলাExxonMobil and Chevron posted record profits in the second quarter as rising oil prices and refining margins boosted earnings amid tensions in the Middle East.
ExxonMobil reported net earnings of $14.5 billion, more than double the figure from the same period last year. Higher crude prices significantly benefited ExxonMobil and Chevron.
Chevron posted a quarterly profit of $12.1 billion, more than five times higher than a year earlier. Increased oil prices and higher production contributed to the strong performance of ExxonMobil and Chevron.
Supply disruptions around the Strait of Hormuz pushed global oil and LNG prices higher, helping ExxonMobil and Chevron achieve exceptional financial results.
Despite strong earnings, both companies saw slight declines in pre-market trading as US consumers continued to face high fuel prices. ExxonMobil and Chevron remain among the biggest beneficiaries of the recent energy market surge.
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