Big oil companies are back in the black, raking in their highest profits since the start of the pandemic, but they plan to continue spending sparingly to boost production despite higher commodity prices, which could mean limited future investments and expansions. According to The Wall Street Journal, ExxonMobil Corp. reported $4.7 billion in second-quarter profit
ExxonMobil reports $4.7B quarterly profit but doesn’t plan to boost spending
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