Profits for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.
That's the record amount Exxon Mobil distributed to shareholders last year, despite a fall in annual profit. Meantime, rival Chevron boosted dividends and share repurchases to $27 billion. Dig deeper: ...
Exxon Mobil has today beaten Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.