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Chevron, Exxon and Falling Oil Prices

ExxonMobil, Chevron Profits Slump on Falling Oil Prices
Key Takeaways ExxonMobil and Chevron reported much lower second-quarter profits as the price of oil slumped.Adjusted earnings for both oil giants beat estimates, but Chevron missed revenue forecasts.Chevron's results were impacted by a loss in the fair market price of shares of Hess,
Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
Top oil producers ExxonMobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue.
Exxon and Chevron profits fall to 4-year low
The boost in output, triggered by strong growth in the companies’ operations in the Permian, the largest US oilfield, helped the groups to beat Wall Street expectations even as lower oil prices sent their profits in the three months to the end of June down to four-year lows.
Exxon Beats Earnings Estimates as Oil Output Cushions Price Drop
Exxon Mobil Corp. posted better-than-expected results after robust oil production from the Permian Basin and Guyana cushioned the impact of lower crude prices.
Exxon beats profit estimates with higher production despite weak oil prices
Chevron prepares for US oil supermajor battle with Exxon
The US oil major was embroiled in a battle with ExxonMobil over its $53bn acquisition of Hess, Donald Trump cancelled its licence in Venezuela and plunging oil prices caused it to announce it was cutting as much as 20 per cent of its workforce.
Exxon earnings beat estimates as production growth softens impact of lower oil prices
Exxon said it earned $7.1 billion, or $1.64 per share. The results outpaced LSEG estimates, which called for a profit of $1.54 per share. Exxon Mobil reported second-quarter earnings on Friday that declined significantly compared to last year,
Chevron Overcomes ExxonMobil to Acquire Hess. Which High-Yield Energy Stock Is the Better Buy Now?
ExxonMobil and Chevron are supporting their high dividend yields with cash flow. ExxonMobil completed its acquisition in May ...
Q2 profits at Exxon Mobil and Chevron dip to lowest level in 4 years on subdued energy prices
Exxon Mobil’s profit dropped in the second quarter to the lowest level in four years as oil prices declined amid an increase ...
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Why ExxonMobil is reassessing its M&A strategy
After losing an arbitration battle to block Chevron’s $53 billion acquisition of Hess, ExxonMobil is scouting for its own oil patch deals, The Wall Street Journal writes.  CEO Darren Woods says ...
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ExxonMobil Accepts Chevron as Stabroek Partner after Arbitration Loss
We welcome Chevron to the venture and look forward to continued industry-leading performance and value creation in Guyana for ...
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Is Chevron Stock a Buy Ahead of Q2 Earnings or Best to Wait?
As CVX gears up to report second-quarter earnings on Aug. 1, let's find out how the expectations stack up. Also, know how to ...
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Chevron Is Following ExxonMobil by Entering the Lithium Sector
Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than 120,000 total acres in ...
Chevron Closes $53B Purchase of Hess After Arbiter Ends Exxon Effort to Block It
Chevron completed its $53 billion purchase of Hess after winning an arbitration case brought by rival Exxon Mobil and the ...