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Business, Energy

“Exxon earnings beat as production in Guyana and Permian sets a record”

“Exxon earnings beat as the acquisition of Pioneer drove record production Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter. The Pioneer deal contributed $500 million to Exxon’s earnings…” https://www.cnbc.com/2024/08/02/exxonmobil-xom-earnings-q2-2024-.html

Business

“Exxon profit drops 28%, falls short of estimates”

” Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains… Profit per share fell 6% shy of Wall Street analysts’ consensus,… Continue Reading…

Energy

“Exxon sees $16 billion in earnings for fuels, chemicals by 2027”

“Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to rise, executives said on Wednesday. The largest U.S. oil company has been generating… Continue Reading…

Energy

“Exxon smashes Western oil majors’ earnings record with $56 billion profit for 2022”

“Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry.… Continue Reading…

Energy

“Exxon and Chevron share $100bn in profit after surge in oil prices”

“ExxonMobil and Chevron are expected to rake in almost $100bn in combined profits from 2022 as the US corporate oil titans capitalise on surging fossil fuel prices following Russia’s invasion of Ukraine. The profit bonanza is seen by the oil majors… Continue Reading…

Energy, Stocks

“Exxon Said It Will Buy Back Even More Stock. Its Stock Is Gaining.”

“Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that by 2027 “upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million… Continue Reading…

Energy

“Exxon Mobil Weighs Takeover of Oil Recovery Specialist Denbury”

“Exxon Mobil Corp. is considering a takeover of Denbury Inc., an oil and gas producer with the largest carbon dioxide pipeline network in the US, according to people familiar with the matter. Exxon has expressed preliminary interest in the Plano,… Continue Reading…

Energy, Stocks

“Exxon Mobil Stock Surges On Update For Strong Q3”

“Exxon Mobil (XOM) stock surged Wednesday after it signaled natural gas prices would support already strong third-quarter expectations. Despite steep growth estimates, the energy giant projects it will not match its record profits from Q2 as oil prices have retreated along… Continue Reading…

Energy, Stocks

“Exxon and 3 Other Energy Stocks Whose Dividends Look Like They Can Weather Tough Times”

“… Durable Dividends These are among the energy companies in the S&P 500 that increased their dividends in consecutive years earlier in the pandemic. Company / Ticker Recent Price Recent Yield YTD Return Market Value (bil) Exxon Mobil / XOM… Continue Reading…

Energy

“Exxon signals record quarterly profit from oil and gas prices”

“Exxon Mobil Corp on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion. A snapshot of the largest U.S. oil company’s quarter ended March… Continue Reading…