Oil giant Exxon Mobil is enjoying the same momentum as the rest of the energy sector, posting a 151% year-over-year earnings gain for 2017 on revenues of $244 billion. The company closed out the year with a tax reform boost that resulted in a $8.38 billion quarterly profit. Although rising gas prices promise another strong year, Exxon–number 2 on our list–has so far not been growing as fast as others in the sector, which some attribute to a lack of capital investment during the downturn.
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News about Exxon Mobil
Chevron, ExxonMobil, and Occidental Petroleum are joining the Oil and Gas Climate Initiative.
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