Chevron and ExxonMobil fail to offset low prices amid meagre Q3 volumes growth

摘要

US majors ExxonMobil and Chevron were constrained by industry-wide low oil and gas prices that weighed on Q3’19 results released today. XOM shares rose more than 2% as a year-on- year halving in earnings proved not to be the worst-case scenario, while Chevron stock gyrated as flat production failed to offset wider bear market headwinds.