Exxon (XOM) and Chevron (CVX) earnings Q2 2022


Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in check.

Chevron reported earnings of $11.62 billion during the three-month period, up from $3.08 billion during the second quarter of 2021.

Exxon, meantime, posted second-quarter earnings of $17.9 billion, compared to $4.7 billion during the year-earlier period.

Chevron shares gained 8% during morning trading on Wall Street, with Exxon advancing 4%.

Chevron’s results beat analysts’ estimates on both the top and bottom lines. Chevron earned $5.82 per share excluding items on $68.76 billion in revenue. Analysts were expecting the company…

Source cnbc.com

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