Impact of Lackluster Earnings on XOM and CVX ⎯ What’s Next for the Energy Stocks?

Oil behemoths Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) recently reported third-quarter results, indicating enduring difficulties in accelerating oil production growth. Earnings have significantly dropped from the year-ago quarter, failing to meet the Wall Street projections. Nonetheless, both firms reported an upswing in earnings quarterly. XOM’s oil production has tumbled, while CVX has faced setbacks impacting key growth endeavors […]

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