Oil Giants Thrive Amidst Market Headwinds

Oil markets have been volatile, with prices dropping despite global events. Energy sector revenue growth is low, contrasting with the overall market. However, big oil companies like ExxonMobil and Chevron are reporting robust profits, offsetting lower oil prices with increased output and cost savings. ExxonMobils earnings dropped but theyve achieved significant cost savings, lowering their breakeven point. Chevron posted record global production and is focusing on returning cash to shareholders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.