Exxon, Chevron earnings soar on record oil prices

NEW YORK (Reuters) – Exxon Mobil Corp , the world’s largest non-government-controlled oil company, on Friday posted the highest-ever quarterly and yearly profits by a U.S. company, propelled by record oil prices.

Chevron , the second-largest U.S. oil company, said its fourth-quarter earnings rose 30 percent as the soaring crude prices outweighed relatively weak refining profits.

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