New York, Aug 1, 2025 (AFP) - Exxon, Chevron turn page on legal fight as profits slip

NAMPA / AFP

2025-08-01

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm. In similar earnings reports, both companies reported second-quarter profit declines despite increased production, with both US giants pumping more from the Permian Basin, a shale-rich region in the states of Texas and New Mexico. But the two companies still garnered......

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