Permian Oil Surge Helps Exxon, Chevron Beat Expectations

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Aug.02 -- Bloomberg's Pratish Narayanan discusses recent earnings in the energy industry and how the trade war is impacting the commodities market with Bloomberg's Scarlet Fu and Caroline Hyde on "Bloomberg Markets: The Close."
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Exxon doubled their output, because they also get oil from Venezuela. They aren't now. They have to double production of their other source, to compensate for losing another.

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