Related Articles
Forward article link
Share PDF with colleagues

ExxonMobil and Chevron enjoy revenue boom

Quarterly results showcase upwards trajectory for oil producers despite the focus on capital discipline

The US majors enjoyed another strong financial quarter as commodity prices held firm and economic activity continued to rebound. In Q2, ExxonMobil posted earnings of $4.7bn—$5.8bn above last year’s Q2 loss—while Chevron’s recovery was even greater. The operator managed $3.1bn in earnings, a massive $11.4bn lift above the lows of the same quarter last year. The chemicals sector was one of the major driving forces for improved ExxonMobil numbers. The company achieved a record quarterly performance, $2.3bn in earnings, with margins boosted by tight supply in North America and Europe. Atlantic basin polyethylene and polypropylene margins were particularly affected, while North American ethane f



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
What does TotalEnergies see in Iraq?
26 September 2021
The major has bucked the trend of Iraqi exits and reorganisations. Why is it going where others fear to tread?
ExxonMobil LNG announces 2021 Power Play winners
24 September 2021
Four remarkable professionals recognised across different categories that celebrate advances in diversity and equality and accomplishments in the LNG value chain
More thinking, less clicking: AI improves geoscientist efficiency
24 September 2021
Upstream operators increasingly value the transformational potential of AI solutions
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video