Chevron Makes This Surprise Move In Guyana Contest With Exxon Mobil
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Exxon Mobil and Chevron reported better-than-expected first-quarter profit early Friday. Exxon executives claimed, despite pressure on prices and margins, their "strategy remains unchanged." Meanwhile, Chevron stressed shareholder value, returning nearly $7 billion to stockholders in Q1 but plans to reduce that amount in the second quarter.
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