Supermajor Earnings: Exxon & Chevron’s Impact on ETF MarketSupermajor Earnings: Exxon & Chevron’s Impact on ETF MarketSupermajor Earnings: Exxon & Chevron’s Impact on ETF Market
The two largest U.S. integrated supermajors, Exxon Mobil (XOM) and Chevron (CVX), reported second-quarter profits that surged on rising oil prices due to renewed geopolitical tensions in the Middle East. With these two firms accounting for large allocations in many energy ETFs, their earnings serve as a primary catalyst for the entire energy ETF landscape. […]
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