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Exxon and Chevron upset the analysts
July 28, 2018
Source: Bloomberg

Exxon and Chevron upset the analysts

The investors showed disinterest towards investment in big projects of Exxon and Chevron on Friday. Although they accepted Chevron’s stock buyback of $3 billion, ExxonMobil’s market value was scraped by $11 billion. Both the companies failed to meet the profit estimates of the analysts. The crude price of Brent went up by 50 percent higher than next year but both these companies failed to take full advantage.

   Read More About : Brent Price Chevron ExxonMobil Investment
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