US supermajors Chevron and ExxonMobil both reported significant second-quarter profits on surging production and growth in the Permian basin, though lower commodity prices and other factors weighed on results.
Chevron reported earnings of $4.3 billion for the quarter, up from $3.4 billion last year, boosted by a $740 million termination fee from its previously proposed merger with Anadarko.
Net production was 3.08
