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flag ExxonMobil and Chevron report lower profits due to falling oil prices and economic uncertainty.

flag ExxonMobil and Chevron reported lower first-quarter profits amid falling crude prices and economic uncertainty due to global tariffs. flag ExxonMobil's profit dropped 6.2% to $7.7 billion, while Chevron's fell 36% to $3.5 billion. flag Despite the decline, both companies remained profitable. flag ExxonMobil maintained its share buybacks and reported higher production in Guyana and the Permian Basin, while Chevron plans to slow its share repurchases in the second quarter. flag The drop in oil prices reflects concerns over economic growth and potential recession.

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