Big Oil Companies Finished 2018 Strong Despite Plunge in Oil Prices
 

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HOUSTON—The world’s largest Western oil companies shrugged off a 38% plunge in oil prices during the final months of 2018 to post some of their biggest annual profits in years.

Strong fourth-quarter earnings Friday by Exxon Mobil Corp. and Chevron Corp., following similar results by Royal Dutch Shell PLC on Thursday, proved the extent to which the oil giants have transformed amid lower crude prices.

The…




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