SOURCE: Rothman Research

Rothman Research

August 25, 2010 08:39 ET

Shareholders Reports on Chevron and Exxon Mobil -- Economic Dilemma and Competition Woes v/s Refining Margins and Higher Oil Prices

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 25, 2010) -  www.RothmanResearch.com undertakes intensive analysis of the major integrated oil & gas industry and provides systematic research on Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM). Sign up today on www.rothmanresearch.com to get access to these free reports and more.

Higher supply and lower demand have driven down the price of oil recently. With drivers cutting back in the typically positive summer driving season, oil and gas companies now have large inventories on hand. The growing popularity of alternatively powered vehicles and bio-blended fuels is also a detriment to the oil and gas industry. 

www.rothmanresearch.com is a source for investors seeking free information on the major integrated oil & gas industry; investors and shareholders of Chevron Corp. and Exxon Mobil Corp. are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

The recent slowdown of US economic growth is also of concern to the industry, as demand may falter alongside rising unemployment. While the economic data was not positive, the Dollar managed to gain against the Euro, which bodes well for European oil and gas producers, as oil prices are quoted in US dollars.

While the immediate future may not seem bright for the oil and gas industry, companies have posted substantial quarterly gains over the same period last year. The gains come as fuel prices, as well as the economy, have pulled themselves up from 2009 levels. 

Back in July, Chevron Corp. posted staggering earnings of $5.41 billion on the back of refinery margins improvement and higher oil and natural gas prices. Equally, Exxon Mobil Corp. saw its income doubled to $7.56 billion for the quarter. www.rothmanresearch.com provides technical analysis and free downloadable research reports on Chevron Corp. and Exxon Mobil Corp. by signing up now at

http://www.rothmanresearch.com/article/cvx/23801/Aug-25-2010.html or

http://www.rothmanresearch.com/article/xom/23802/Aug-25-2010.html

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