Chevron and ExxonMobil's profits soar amid high oil and gas prices

US oil majors Chevron and ExxonMobil have booked robust profits for the first quarter of 2022 due to higher global oil and gas prices.

Chevron and ExxonMobil's profits soar amid high oil and gas prices Chevron and ExxonMobil's profits soar amid high oil and gas prices Chevron and ExxonMobil's profits soar amid high oil and gas prices Chevron and ExxonMobil's profits soar amid high oil and gas prices Chevron and ExxonMobil's profits soar amid high oil and gas prices

The Gorgon LNG plant

California-based Chevron posted earnings of $6.3 billion, compared with $1.4 billion in the same period a year ago. 
 
Pension settlement costs of $66 million were included.