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Chevron and Exxon profits drop on falling oil price
Chevron said net income fell by just over a third to $3.5bn in the first quarter, down from $5.5bn a year earlier, and slightly below analysts’ consensus estimates. Revenues fell to $47.6bn, down from $48.7bn a year earlier, as its global production remained flat.
Exxon Mobil Corp. has launched a ”full-court effort” to manage the impact of tariffs, its CEO said. The oil giant topped ...
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas ...
1don MSN
Chevron also reported its lowest first-quarter profits in years, with per-share adjusted profit falling to $2.18 per share on ...
The International Chamber of Commerce has scheduled a hearing in Exxon Mobil's arbitration dispute over rival Chevron's ...
Exxon (XOM) and Chevron (CVX) posted earnings beats on Friday, but low oil prices (CL=F, BZ=F) weigh on the industry. The ...
The Texas Tribune on MSN1d
Plans advance for $10 billion Exxon plastics plant on the Texas coastOfficials at a rural school district voted on Tuesday to begin developing a tax break agreement intended to draw Exxon to ...
Exxon Mobil Corp. met earnings estimates thanks to higher production from low-cost projects such as Guyana and the Permian, ...
GlobalData on MSN1d
Arbitration on Exxon and Chevron dispute over Hess acquisition scheduled for 26 MayThe impending arbitration between Exxon and Chevron over the latter's proposed $53bn acquisition of Hess is set to take place ...
Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and ...
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