Comment on 2016 shaping up to be a lost year as low crude prices hammer big oil companies

2016 shaping up to be a lost year as low crude prices hammer big oil companies

It is looking like another lost year for the world’s biggest oil companies, as profits shrank dramatically during the second quarter and they now face a volatile end to 2016 while crude prices veer again to just over $41 a barrel. Exxon Mobil Corp. on Friday reported its quarterly profit fell 60 percent to the lowest level since 1999, while Chevron Corp.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News