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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 114.39

-0.3%

12:53 PM EDT

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From: Sr K	10/28/2022 10:43:01 PM
	of 585

Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter Chevron reports slight dip from the record haul it set in the prior quarter Chevron has increased its quarterly dividend by 6% per share compared with the same period last year.PHOTO: FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGES By Collin Eaton Updated Oct. 28, 2022 5:41 pm ET SHARE Listen to article (2 minutes) The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon Mobil Corp. reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. reported just a slight dip from the record haul it set in the prior quarter. Despite the hefty profits and high energy prices, the two largest U.S. oil companies didn’t telegraph any plans Friday to increase spending on oil or fuel production, sticking to their annual budget ranges that were set before the war in Ukraine caused a spike in energy prices as supplies drained globally. Exc.

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