S5/10Economic

Exxon, Chevron Steer Windfall Profits Into Debt Reduction

ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a sign of Big Oil’s caution about how long war-driven price rallies will last.

31 Jul 2026, 13:39 UTCSource: Bloomberg MarketsOriginal source

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