Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

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Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

^{Published on 2025-05-02 16:01:01 - Fortune}

Exxon Mobil and Chevron are pushing back on "shortsighted" investors and maintaining their growth plans even as they feud amongst themselves.

The article from Fortune discusses how Exxon Mobil and Chevron, two major U.S. oil companies, are navigating the challenges posed by tariffs and OPEC's influence on oil prices. Exxon Mobil has expressed concerns over the impact of tariffs on its operations, particularly in Asia, where it has significant investments. Meanwhile, Chevron is focusing on its operations in the Permian Basin, aiming to increase production despite the global market pressures. Both companies are also dealing with OPEC's decision to cut production, which has led to higher oil prices. This situation has forced Exxon and Chevron to adapt their strategies to maintain profitability amidst these economic and geopolitical challenges.

Read the Full Fortune Article at:
[ https://fortune.com/article/exxon-chevron-tariffs-opec-oil-prices/ ]

N@N

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices