Energy News

Giant energy cos. Chevron, Exxon, Shell, Phillips 66 report Q2 losses

Some of the largest companies in the oil and gas industry — Chevron Corp., Exxon Mobil Corp., Phillips 66 and Royal Dutch Shell PLC — reported second-quarter financial results on July 30 or 31. Not surprisingly, all reported losses — but some were much deeper than others.

Phillips 66 is based in Houston, and California-based Chevron; Irving, Texas-based Exxon and the Netherlands-based Shell all have a significant presence in the Bayou City. Houston-based master limited partnerships Phillips…