FPSO Liza Destiny operating off Guyana; Source: ExxonMobil

ExxonMobil and Chevron join European oil majors in posting steep fall in profits

While the U.S. oil and gas majors, Chevron and ExxonMobil, recorded strong operating and financial performance in the second quarter of 2023, this still represents a sharp decrease on a year-over-year basis, as energy prices went into free fall after reaching all-time high levels last year.

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