Saturday, 31 July 2021

US oil giants to keep a lid on spending even as profits surge

US oil giants ExxonMobil and Chevron reported strong profits Friday riding a wave of higher prices amid recovering demand, but pledged to keep a lid on spending. The results marked a 180-degree reversal from this time last year when the companies suffered hefty losses amid heavy pandemic restrictions that crimped economic activity and halted travel. […]

from Daily Times https://ift.tt/3lfL1U3

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