Exxon, Chevron post blowout earnings, oil majors bet on buybacks


The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, both of which figure among Kazakhstan’s largest upstream partners, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S. pair, along with UK-based...