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Chevron and Occidental Petroleum Revenue Surges Amid Oil Price Shock

The Motley Fool +1 · ·by G4L

OXY Occidental Petroleum Corp
$56.90 +2.04%
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  1. 1Chevron recorded $67.2 billion in revenue for the recent quarter.
  2. 2Occidental (Oxy) revenue increased by more than 30% compared to the same period.
  3. 3An oil price shock caused by an unexpected war between the US and Iran raised revenue figures for the two US oil giants.

So what's the key point?

Oil prices rose significantly due to war between the US and Iran. Revenue for Chevron and Oxy increased.

Source The Motley Fool +1 · View original ↗

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