Permian Oil Surge Helps Exxon, Chevron Beat Expectations

Permian Oil Surge Helps Exxon, Chevron Beat Expectations

Assessment

Interactive Video

Business, Architecture, Engineering

University

Hard

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The video discusses the mixed performance of major oil companies like Royal Dutch Shell, Exxon, and Chevron, highlighting factors such as increased oil output and tax breaks that influenced their earnings. It also addresses challenges like falling demand and struggling refining businesses. The impact of global events, including trade tensions and weather conditions, on commodity prices is analyzed, with a focus on the recent decline in the Bloomberg Commodity Index.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor significantly contributed to Exxon's improved earnings?

Higher natural gas prices

Increased oil output in the Permian Basin

New oil discoveries in the Middle East

Reduced operational costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge is mentioned as affecting the refining businesses of oil companies?

Rising demand for oil

Higher taxes on oil production

Falling natural gas prices

Increased competition from renewable energy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the trade war impacted the commodity sector?

Boosted demand for oil

Increased supply of commodities

Shifted focus from supply to demand concerns

Stabilized commodity prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What recent event has been forgotten by investors due to Trump's move?

Rising oil prices

Supply concerns in the commodities market

New oil discoveries

Increased demand for natural gas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current main concern in the commodities world?

New trade agreements

Technological advancements in oil extraction

Supply risks

Demand across the commodities world