Energy ETFs Surged as Chevron, Exxon Enjoyed Record Quarterly Profits on High Oil Prices
July 29, 2022 at 16:42 PM EDT
Energy sector-related exchange traded funds jumped Friday after Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) quarterly results revealed their record profits, following the highest crude oil prices in over a decade. On Friday, the Energy Select Sector SPDR (NYSEArca: XLE) rose 3.7%, the Vanguard Energy ETF (NYSEArca: VDE) gained 3.7%, the iShares [...] The post Energy ETFs Surged as Chevron, Exxon Enjoyed Record Quarterly Profits on High Oil Prices appeared first on ETF Trends .
