pa href="https://news.yahoo.com/us-oil-giants-report-strong-profits-despite-volatile-180343642.html"img src="http://l2.yimg.com/uu/api/res/1.2/KHQ3huE3Dkdel1VCkFp3mg--/YXBwaWQ9eXRhY2h5b247aD04Njt3PTEzMDs-/http://media.zenfs.com/en_us/News/afp.com/Part-GTY-618792700-1-1-0.jpg" width="130" height="86" alt="US oil giants report strong profits despite volatile crude prices" align="left" title="US oil giants report strong profits despite volatile crude prices" border="0" /aUS oil giants Exxon Mobil and Chevron reported strong annual profits on Friday, concluding with a solid fourth quarter despite a dive in crude prices at the end of the year. Exxon Mobil reported profits of $20.8 billion in 2018, up 5.8 percent from 2017, while Chevron notched annual earnings of $14.8 billion, up 61.2 percent, capping the best year in terms of earnings since 2014. Shares of both companies surged following the earnings releases, with fourth-quarter profits topping analyst expectations for both companies due in part to higher oil and gas output.pbr clear="all"
