Friday, July 29, 2016

Low Crude Prices Hammer Big Oil Companies

Exxon Mobil Corp. saw profit fall 60%, and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel.

from WSJ.com: US Business http://ift.tt/2aCLtsw
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