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.
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
July 28, 2017 16:31 ET (20:31 GMT)