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International Business Times
International Business Times
Business
John BIERS

Lower Profits At US Oil Giants Still Mighty Enough For Big Investor Payouts

ExxonMobil Chief Executive Darren Woods is enjoying a strong period of profitability after the company came under fire a few years ago (Credit: AFP)

ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions.

The two biggest US oil companies, which have similar profiles and strategies, both saw fourth-quarter profits dip amid lower commodity prices, especially for natural gas.

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