ExxonMobil and Chevron Chemical Earnings Climb

Tillerson: Chemical margins higher. The chemical units of ExxonMobil and Chevron each reported strong second-quarter earnings. ExxonMobil’s chemical earnings rose 20%, to about $1 billion, from the year-ago quarter on improved margins. ExxonMobil’s U.S. chemical earnings rose 7% to $204 million, while non-U.S. earnings climbed 24%, to $809 million. ExxonMobil posted overall net earnings of $10.2 billion, down 1% from the year-ago period. “Lower natural gas realizations were mostly offset by higher refining, marketing, and chemical...

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