US energy giant ExxonMobil’s profit in the second quarter decreased 56 percent year on year to $ 7.9 billion, while the profit of Chevron, one of the country’s largest oil producers, decreased by 66 percent to $ 6 billion.
Energy companies ExxonMobil and Chevron released their balance sheets for the April-June period.
Accordingly, ExxonMobil’s profit decreased by approximately 56 percent year-on-year in the second quarter to $7.9 billion. Exxon Mobil announced a profit of $ 17.9 billion in the same period of 2022, with the effect of rising energy prices.
The energy giant’s net income per share, which was $4.21 in the second quarter of last year, fell to $1.94 in the second quarter of this year.
The profit of Chevron, one of the largest oil producers of the USA, in the April-June period, decreased by 66 percent compared to the same period of the previous year and fell to 6 billion dollars.
The company reported a profit of $17.9 billion in the same period of 2022.
Chevron’s net income per share, which was $9.17 in the second quarter of last year, also fell to $3.20 in the second quarter of this year.