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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 ...
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.
Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and ...
The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers in the booming Permian ...
ExxonMobil reported net income declined 23% year-over-year to $7.08 billion, and it was down 44% to $2.49 billion for Chevron ...
Chevron said worldwide and U.S. net oil-equivalent production set quarterly records, as production from its Tengizchevroil affiliate jumped 34% and “Gulf of America” production rose 22%, while ...
Oil stocks face poor risk-reward as oversupply and weaker demand are likely to push Brent prices down to $50 by 2026. Should ...
An above average yield, a long history of dividend growth, and a business that's seeing headwinds turn to tailwinds. What's ...
Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, ...
Algeria is close to finalizing a deal with Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) to tap its vast natural gas reserves ...
Strong, but not on Exxon's level Chevron actually has a lower debt-to-capital ratio than Exxon, at 12%. However, it doesn't have anywhere near Exxon's cash position.
Meanwhile, Chevron is focusing on the Permian basin. Chevron's Permian production last year touched 135,000 boe/d, and the company has aggressive plans for expansion just like Exxon.
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