EnergyReader · 2026-08-02 02:40

Suriname Inches Toward Oil Commerciality as Petronas Completes Eighth Straight Well Success

By EnergyReader Newsroom · August 2, 2026

ExxonMobil cut its net debt by more than $7 billion in the latest quarter, and Chevron set a record by steering $8.4 billion into balance sheet repair, according to results published on Friday (2026-07-31). Neither company opted to materially expand buybacks, despite posting some of their strongest earnings since Russia's 2022 invasion of Ukraine. ExxonMobil's quarterly profit came in at $14.7 billion — the largest in that span.

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