US oil majors Exxon Mobil (NYSE: XOM) are Chevron (NYSE: CVX) are expected to report a double-digit decline in first quarter profit on Friday, amid plunging oil prices on the back of trade war risks.

Exxon Mobil and Chevron report first-quarter earnings and revenue early Friday. Investors await to see if falling oil prices will impact buybacks.

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Chemical recycling companies say unclear government regulations risk "chilling" investment in a technology they say is vital to addressing plastic recycling challenges.