RYE Increases on Oil Giants’ Record Profits During Q2

Oil giants Exxon Mobil Corp (XOM) and Chevron Corp (CVX) posted record profits during the second quarter, lifting the Invesco S&P 500® Equal Weight Energy ETF (RYE). The energy companies’ profits surged in the latest quarter from the highest energy prices in over a decade and lucrative oil-refining margins, the Wall Street Journal reported. Combined [...] The post RYE Increases on Oil Giants’ Record Profits During Q2 appeared first on ETF Trends .