Chevron Corp and Exxon Mobil Corp are experiencing the best of the quarterly revenues from the oil refining industry.
A lot are not expecting that they will hit the numbers that were posted on the charts. This is because they did not really believe in what huge refineries can give to such oil retailers. Now, there is a solid case that refinery profits will increase if there is a significant decrease in the prices of oil retail.
There is also a reassurance from the analysts that if these two companies will continue to maintain the positive growth from both their resources, there will be better chances for the oil market. They added that this surge in the companies’ revenue could be very helpful in dwindling oil prices.
Owning refineries and getting at the oil retail industry is a good combination. This could level the checks and balances in the account of the company.
The 0.1 percent decrease in Chevron and the 0.3 increase in Exxon could explain this better. The number for Chevron is a little low despite the 25 percent difference caused by the low price of oil. Needless to say, the 0.3 percent increase in Exxon shares is already too much to ask for.
Despite these good numbers, there are still reports from both companies that they are having a hard time in keeping the numbers up. They are still exerting extra effort to ensure that there is not a major turmoil in the market.
Continuing this model could be really tedious for both of the companies. On the one hand, they will have to work with it to foster equal growth in the market.