Exxon's Q4 2024 profit exceeded Wall Street expectations, hitting $7.39 billion, despite lower oil prices. Rising oil and gas production offset the impact of lower prices and refining margins.

HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though it beat Wall Street's profit estimate with higher ...

Shares of the No. 1 U.S. oil producer declined 1.7% to $107.72 in afternoon trading, which was in line with a drop in the broader S&P 500 Energy Sector index. Exxon's adjusted profit for the ...

Exxon’s full-year refining earnings dropped to $4 billion from $12.1 billion in 2023, according to a statement Friday. As for Chevron, its global fleet of plants earned just $1.7 billion last ...

More colloquially, a nerve rubbed raw, exposed. This is where things are on the issue of renegotiation of the 2016 Exxon oil contract. Write about that r-word, dare to whisper what is now taken as ...

ExxonMobil is currently producing about 650,000 barrels per day of oil from Stabroek via the Liza Destiny, Liza Unity and Prosperity floating production, storage and offloading vessels in the Liza ...

The annual profits of Exxon Mobil and Chevron fell in 2024 ... the companies reported Friday that they pumped record amounts of oil and gas from certain oil fields and sent record payouts to ...

Global oil demand lagged expectations in 2024, pushing down crude and fuel prices and impacting the industry. Exxon competitors Chevron (CVX.N) and Shell’s (SHEL.L), earnings this week were ...

ExxonMobil is a major integrated energy company, principally engaged in the exploration and production of crude oil and natural gas, as well as the transportation and marketing of petroleum products.

Profits for Exxon Mobil Corp. and Chevron Corp were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.