Energy Stocks Up On Exxon, Chevron Earnings - Energy Roundup

Features Dow Jones Newswires

Shares of energy producers rose after strong earnings reports from the largest U.S. oil companies. Exxon Mobil nearly doubled its quarterly profit, with income rising to $3.35 billion, while Chevron said second-quarter profits rose sharply to $1.45 billion in the second quarter. The reports echoed those from international giants, Statoil, Royal Dutch Shell and Total earlier in the week with the five companies generating an aggregate $30 billion in cash for the quarter. The energy sector was also supported by oil's completion of its biggest weekly percentage price gain so far this year.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 28, 2017 16:31 ET (20:31 GMT)