Energy Stocks Up On Exxon, Chevron Earnings - Energy Roundup
July 28 2017 - 4:46PM
Dow Jones News
Shares of energy producers rose after strong earnings reports
from the largest U.S. oil companies. Exxon Mobil nearly doubled its
quarterly profit, with income rising to $3.35 billion, while
Chevron said second-quarter profits rose sharply to $1.45 billion
in the second quarter. The reports echoed those from international
giants, Statoil, Royal Dutch Shell and Total earlier in the week
with the five companies generating an aggregate $30 billion in cash
for the quarter. The energy sector was also supported by oil's
completion of its biggest weekly percentage price gain so far this
year.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
July 28, 2017 16:31 ET (20:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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