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Exxon, Chevron profits fall

Investopedia on MSN · 1d

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,

Associated Press News on MSN · 1d

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 in production by OPEC+, but the results still managed to beat Wall Street’s expectations.

Reuters on MSN · 2d

Exxon, Chevron profits to drop to lowest point since pandemic, analysts say

Top U.S. oil producers Exxon Mobil 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.

24/7 Wall St.2h

Exxon’s Next Move: Permian Expansion or Deepwater Dive After Hess Loss?

Try, Try Again Exxon Mobil’s (NYSE:XOM) recent loss in arbitration to Chevron (NYSE:CVX) over the $53 billion Hess ...

1d

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and ...

23hon MSN

Exxon Mobil, Chevron say oil production is booming and they’re rolling in cash

Net income fell 43.8% from a year ago to $2.49 billion, while adjusted earnings per share, which excludes nonrecurring items, ...

Cryptopolitan on MSN19h

Oil markets mixed as Exxon and Chevron beat profit estimates, Saudi drilling hits 20-year low

Oil markets stayed stuck on the fence Friday after Exxon Mobil and Chevron both posted stronger-than-expected profits, even ...

1d

Exxon CEO Congratulates Chevron After Bruising Feud Over Guyana

The head of Exxon Mobil Corp. has offered an olive branch to his counterpart at Chevron Corp. now that their hard-fought ...

21hon MSN

Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian

The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers in the booming Permian ...

15d

Chevron closes Hess acquisition after winning Exxon legal battle

Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon ...

1don MSN

Exxon, Chevron Surpass Estimates With Record Oil Production

Exxon Mobil Corp. posted better-than-expected results after robust oil production from the Permian Basin and Guyana cushioned ...

The Northwest Arkansas Democrat-Gazette13h

Exxon, Chevron profits fall as OPEC+ raises output

Exxon Mobil's second-quarter profit dropped to the lowest level in four years and sales fell as oil prices slumped as OPEC+ ramped up production.

2don MSN

Oil giants brace for impact: Exxon and Chevron Q2 earnings to reveal profit hit amid crude chaos

Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are set to report their Q2 earnings on Friday before the market opens, with ...

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