Exxon made a profit of $1.88 per share, while Chevron's profit landed at $1.85 per share. In Exxon's case, profit fell 12 percent compared to the same quarter last year due to lower oil prices. However, the company's production in Guyana broke production records.
Sector colleague Chevron, after the acquisition of competitor Hess, is having a record quarter in terms of production. The company's oil production rose 21 percent in the last quarter, which corresponds to an increase of 4.1 million barrels of oil per day, writes Bloomberg.
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