Energy shares fall despite strong Exxon Mobil and Chevron earnings
Updated
Updated · MarketWatch · May 1
Energy shares fall despite strong Exxon Mobil and Chevron earnings
13 articles · Updated · MarketWatch · May 1
Exxon slipped after beating Wall Street expectations, while Chevron fell after saying the Iran war boosted quarterly earnings.
Exxon chief Darren Woods said the conflict's effects on oil markets may only be beginning, underscoring investor caution despite robust results from the two US oil majors.
Elsewhere in the sector, Occidental Petroleum said chief executive Vicki Hollub will retire next month after 10 years and be succeeded by chief operating officer Richard Jackson.
Why did oil giants lose billions on hedges while crude prices soared from the Iran war?
With the Strait of Hormuz closed, is a $200 oil price and global recession now inevitable?
Will the Iran war's historic oil shock permanently accelerate the global shift to clean energy?