Oil giant Saudi Aramco (The Saudi Arabian Oil Company) recently reported impressive second-quarter results, thanks to soaring energy prices. Aramco’s Q2 net income surged 90% to $48.4 billion, fueled by higher crude oil prices, increased volumes, and solid refining margins. Free cash flow grew 53% to $34.6 billion and helped Aramco declare a dividend of $18.8 billion for the second quarter. Like Aramco, oil majors like ConocoPhillips (COP), Exxon Mobil (XOM), and Chevron (CVX) also posted strong Q2 results. Despite concerns about the decline in energy prices over recent days amid fears of an economic slowdown, Wall Street analysts remain bullish on the prospects of oil companies.
https://www.tipranks.com/news/article/will-saudi-aramco-and-other-oil-majors-continue-to-shine-after-stellar-q2-results?utm_source=advfn.com&utm_medium=referral
Grafico Azioni Exxon Mobil (NYSE:XOM)
Storico
Da Nov 2022 a Dic 2022 Clicca qui per i Grafici di Exxon Mobil
Grafico Azioni Exxon Mobil (NYSE:XOM)
Storico
Da Dic 2021 a Dic 2022 Clicca qui per i Grafici di Exxon Mobil