Financial Times | Higher ExxonMobil and Chevron profits signal oil recovery Financial Times Oil companies have been battling to reduce costs and increase efficiency since prices crashed from above $100 per barrel three years ago. Capital expenditure by both ExxonMobil and Chevron was about a quarter lower than in the second quarter of 2016. Big Oil Posts Healthy Profits Exxon profit swells but disappoints as global oil surplus continues Higher Oil Prices Might Not Be Enough To Save The Big Oil Dividend |