Chevron And Exxon Mobil Reported Another Quarterly Profit Decline But One Is Closing The Gap

Chevron (CVX) topped third-quarter earnings and revenue expectations early Friday while Exxon Mobil (XOM) missed, as both U.S. supermajors continued the trend of quarterly profit declines. Exxon Mobil reported Friday that Q3 EPS came in at $1.76, down 8.3% vs. a year earlier, while revenue fell 5.3% to $85.29 billion. Prior to Friday’s release, analyst consensus expected earnings of $1.82…