So finally, American oil giants ExxonMobil and Chevron reported another quarter of strong earnings on Friday!
Strong refining results offset the effect of lower oil prices in the first quarter compared to a year ago, lifted profits and allowed ExxonMobil to return $8.1 billion to shareholders and Chevron $6.6 billion in dividends and share buybacks.
Results in the 2022 period...
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Those results look really nice. Unfortunately, I don't have any stocks from this sector yet but I was thinking of buying $CVX.