Exxon Mobil Corp. and Chevron Corp. surpassed profit expectations as higher oil production helped offset the blow from lower crude prices.
Shares of US oil giants Exxon Mobil Corp. and Chevron Corp. are on track for their largest monthly gains in more than three years, boosted by rising energy prices, geopolitical tensions and improving fundamentals.
The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela, marking a significant step to ease sanctions under the new US-backed leadership in Caracas.
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