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Chevron, Exxon profits expected to drop despite rising oil prices

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Chevron, Exxon profits expected to drop despite rising oil prices


While energy stocks outperformed other sectors last quarter, Wall Street anticipates lower annualized profits from giants like Chevron (CVX) and ExxonMobil (XOM) when they report quarterly results this Friday — in part due to falling natural gas prices and lower refining margins during the first…

#chevron #cvx #exxonmobil #xom #exxon #eps #stewartglickman #cfraresearch #yahoofinance #connormclean

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