ExxonMobil and Chevron beat quarterly estimates as oil prices stay high
ExxonMobil and Chevron, the two largest U.S. oil companies, reported better-than-expected third-quarter results on Friday, helped by higher prices and record production.
ExxonMobil and Chevron, the two largest U.S. oil companies, reported better-than-expected quarterly results on Friday. The Guardian reports both benefited from higher prices and record production.
NBC News describes the results as blowout profits. It says oil prices remain sharply elevated because of the U.S. war with Iran. The reports give no profit figures.
The Guardian reports that higher fuel costs are hurting consumers. It says people cite the cost of living, especially gas prices, as a factor in how they will vote in the upcoming midterm elections, which will decide control of Congress.
NBC News's headline also says President Trump is touting the benefits of high oil prices. The text provided does not say what he said.
Reported by
- NBC NewsExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil pricesFri, Oct 30, 10:35 AM EDT
- The GuardianExxonMobil and Chevron top estimates for Q3 as Americans feel gas price painFri, Oct 30, 11:12 AM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.