CVX

Chevron Boosted Second-Quarter Investment — Energy Comment

By Mary de Wet Chevron Corp. said Friday that it more than doubled investment in the second quarter to grow its traditional and new-energy business lines. On its second quarter: Capital and exploratory expenditures plus acquisitions totaled $6.79 billion, up from $2.8 billion in the year-ago period. “With Permian production more than 15 percent higher …

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Exxon hits record profit and Chevron’s triples amid high energy prices, sending stocks higher premarket

Wall Street investors bid up Exxon Mobil Corp. and Chevron Corp. shares Friday after both oil majors more than tripled their profits to surpass analyst expectations, on the heels of high energy prices. Exxon Mobil XOM, +1.17% rose 2.5% in premarket trades after the company said its second-quarter profit jumped to $17.85 billion, or $4.21 …

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