ExxonMobil, Chevron Steer Windfall Profits Into Debt Reduction
ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a sign of Big Oil’s caution about how long war-driven price rallies...
By Kevin Crowley and Mitchell Ferman · Bloomberg Markets
ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a sign of Big Oil’s caution about how long war-driven price rallies will last.