Falling oil prices weigh on ExxonMobil and Chevron's profits in 2023. The two major American oil companies are betting on national production and investments in Guyana.
ExxonMobil's profits fell 35.4% to $36.01 billion from a record $55.74 billion a year earlier. The company increased its investments and spending on oil exploration by 3,621 million compared to the previous year. Chevron's turnover fell 18.4%, to 200,949 million dollars, according to your results report.