Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Category: Production
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Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’
A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
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Ford Lost Money in the Third Quarter as Costs Surged
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
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Tesla Cuts Prices in China in Sign of Slowing Demand
Shares of the company slumped as investors worried about increasing competition.