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Exxon Mobil and Chevron earnings fall as Iran war disrupts oil shipments
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- Surging oil prices due to the Iran war did not result in a windfall for Exxon Mobil and Chevron in the first quarter.
- The two biggest U.S. oil companies reported profits on Friday that fell dramatically compared to the same period last year.
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Surging oil prices due to the Iran war did not result in a windfall for Exxon Mobil and Chevron in the first quarter.
The two biggest U.S. oil companies reported profits on Friday that fell dramatically compared to the same period last year. Exxon's net income declined 45% while Chevron's tumbled 36%.
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