Chevron’s Surprise Q3 Profit Post Reduction Of Spending Budget
Recovered oil prices and cost reduction have resulted in surprise Q3 profits.
Recovered oil prices and cost reduction have resulted in surprise Q3 profits.
The glut in the global oil pool which resulted in oil prices touching rock bottom have put enormous pressures on oil companies. European oil companies are now increasingly expanding into renewable energy sources as they seek out new sources of revenues for the future.
The sinking list of FTSE 100 casts different results on different firms.
After a long span of low oil prices, the U.S market gains a steadier footing.