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Exxon, Chevron Poised for Massive Earnings Amid Political Blowback Over Gas Prices

AFP ·

XOM ExxonMobil Holdings Corp
$156.97 +0.14%
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  1. 1Exxon Mobil (XOM) and Chevron (CVX) are set to report massive second-quarter earnings on Friday.
  2. 2Exxon is projected to post $14.9 billion in profit and Chevron $11.1 billion, driven by the effective Strait of Hormuz blockade.
  3. 3US gasoline prices have climbed to $4.10 per gallon, roughly 31% higher than a year earlier, fueling political backlash and midterm election concerns.

This 3-line summary is compiled from the report below.

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