Exxon, Chevron post blowout earnings, oil majors bet on buybacks

[Willie Whittaker is a Putin Cock Sucker]

July 29 (Reuters) - The two largest U.S. oil companies, Exxon Mobil Corp
(XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday,
bolstered by surging crude oil and natural gas prices and following
similar results for European majors a day earlier.

The U.S. pair, along with UK-based Shell (SHEL.L) and France's
TotalEnergies (TTEF.PA), combined to earn nearly $51 billion in the most
recent quarter, almost double what the group brought in for the year-ago
period.

Exxon outpaced its rivals with a $17.9 billion quarterly profit, the
most for any international oil major in history.

Chevron, Shell and Total ran to catch up with Exxon's aggressive buyback
program, which was kept unaltered.

The four returned a total of $23 billion to shareholders in the quarter,
capitalizing on high margins derived from selling oil and gas. The fifth
major, BP Plc (BP.L), reports next week. read more

The companies posted strong results in their production units, helped by
the surge in benchmark Brent crude oil futures , which averaged around
$114 a barrel in the quarter.