total oil and gas production increased slightly during the fourth quarter, the company said on Friday. Exxon said US oil production jumped 11% last quarter. Despite a plunge in oil prices last quarter, Exxon halted a recent string of profit misses. In a shift for Exxon, Woods will field questions from analysts during a conference call later on Friday. Chevron said it is well-prepared to deal with US sanctions that were imposed earlier this week on PDVSA, Venezuela's state-owned oil company.

Source: CNN February 01, 2019 13:47 UTC