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Exxon Mobil, Chevron Strategies Hinge On Latest Oil Hotspot

Exxon Mobil, Chevron Strategies Hinge On Latest Oil Hotspot

Exxon Mobil and Chevron reported first-quarter earnings and revenue declines Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. Exxon Mobil Q1 EPS came in at $2.06, down 27% compared to Q1 2023, while revenue decreased 4% to $83.08 billion.