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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