Oil Giants’ Wavering Discipline

(Reuters Breakingviews) – Exxon Mobil and Chevron are sending prodigious amounts of cash to investors, but third-quarter results show how quickly priorities can start to compete. The two companies reported somewhat similar results on Friday, with the $420 billion Exxon earning $9.1 billion, and the $279 billion Chevron making $6.5 billion. Both companies’ profit shrunk compared to the … Read more

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