ExxonMobil (XOM) shares climbed as the company reported its second quarter net income increased 17% year-over-year. Chevron (CVX) shares dropped as the company missed on profit for the second quarter. The company also announced that three of its senior VPs will be retiring and its headquarters will relocate to Houston, Texas from San Ramon, California.

Yahoo Finance's Ines Ferré breaks down the results from these oil giants.

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This post was written by Mariela Rosales.