February 2024

U.S. OIL MAJORS DOMESTIC PROFITS HIT HARD Q4 2023: Exxon & Chevron Reported Dismal Financial Results In Their U.S. Upstream Sector

ExxonMobil & Chevron posted dismal financial results in its U.S. Oil & Gas Sector for Q4 2023.  While this was mainly due to impairment write-downs, the problem remains as shale economics continue to severely underperform the production from the international sector…

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