ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices

The two largest U.S. oil companies, ExxonMobil and Chevron, on Friday reported blowout profits that easily beat expectations as oil prices remain sharply elevated because of the U.S. war with Iran.
ExxonMobil reported a profit that doubled from the same period last year, while Chevron’s earnings surged more than 180% from a year earlier.
As part of the bumper returns, Exxon said it was increasing the dividend it pays to investors.
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