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Exxon, Chevron results linked to oil price, not cost cuts

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Exxon, Chevron results linked to oil price, not cost cuts

28 October 2017, Houston — Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their financial futures than better technology or cost cuts. Despite deep capital spending cuts and a refocusing on projects that can …

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Exxon, Chevron results linked to oil price, not cost cuts Exxon, Chevron results linked to oil price, not cost cuts Reviewed by Crude Oil Facilitators on 20:18 Rating: 5

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