Softer Market, Lower Commodity Prices Drag Down Earnings for Big Oil

Softer Market, Lower Commodity Prices Drag Down Earnings for Big Oil

November 12, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Investors did not care for the third-quarter earnings reported by four international integrated supermajor oil firms, Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California), BP (NYSE:BP) (London, England) and Shell plc (NYSE:SHEL) (London, England).

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