ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices
- Posted on May 1, 2026
- By CNN
- 0 Views
- 1 min read
ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices
ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran.
