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CBS News

May 2, 2026

Exxon Mobil, Chevron earnings fall, but top revenue expectations
CBS Newsby CBS News·May 2, 2026

Exxon Mobil, Chevron earnings fall, but top revenue expectations

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Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has more.

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  • Exxon Mobil, Chevron earnings fall, but top revenue expectations

    CBS News · 27h

  • Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper

    PBS NewsHour · 36h

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