Tuesday, August 4, 2026
ExxonMobil, Chevron use profits to cut debt amid market uncertainty- oil and gas 360

ExxonMobil, Chevron use profits to cut debt amid market uncertainty

(World Oil) — ExxonMobil and Chevron used record second-quarter earnings to strengthen their balance sheets, directing billions of dollars toward debt reduction rather than significantly increasing share buybacks as geopolitical tensions continue to cloud the oil market outlook. The two U.S. supermajors more

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