Energy profits decline, but oilfield services remain strong | OilPrice.com

The energy sector has enjoyed bumper profits this year, with oil majors setting records on the right, left and center. ExxonMobil (NYSE: XOM), chevron (NYSE: CVX) and coincidence (NYSE: SHEL) together raised $46 billion in profits in the second quarter, with all three setting new quarterly earnings records. In general, the high commodity prices are …

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