Chevron's third-quarter profit fell short of analysts' expectations, causing shares to fall. The company's earnings miss comes as it moves closer to the $53 billion purchase of Hess. In contrast, Exxon Mobil posted a $9.1 billion profit for the same quarter, benefiting from higher oil and fuel prices. Refiner Phillips 66 also reported a third-quarter profit below estimates. Overall, the oil giants' results were sluggish despite strengthening oil and fuel markets.
Exxon Mobil boosts dividend and posts a surprise cash flow increase, reaping the benefits of strengthening crude prices and oil-refining margins https://t.co/CuvRySH1wb
Chevron profit fell short of analysts’ expectations despite strengthening oil and fuel markets https://t.co/n84lrfSQ2N
Refiner Phillips 66 posts third-quarter profit below estimates https://t.co/40AnbTQQRZ https://t.co/eVNY7EyAFH
Oil giants Exxon and Chevron report sluggish third-quarter results https://t.co/TbGSCyYeTv
Chevron's third-quarter profit slumps, shares fall on earnings miss https://t.co/0tDsVGN8cJ
Exxon posts $9.1 billion third-quarter profit, down from record year-ago net, up 15% from prior quarter https://t.co/QLIMiK0trH
Chevron's third-quarter profit slumps, shares fall on earnings miss https://t.co/r91fmsqfzK https://t.co/PkW2SJX12I
Exxon Mobil posted a $9.1 billion profit Friday, as oil and fuel prices climbed in the third quarter https://t.co/u3kRWhaApb
NEW: Chevron falls short of analysts’ expectations despite strengthening oil and fuel markets, as the oil giant moves closer to the $53 billion purchase of Hess https://t.co/OBLfWTJwRE
Chevron profit fell short of analysts’ expectations despite strengthening oil and fuel markets https://t.co/rp4SJk6xsx
On @Breakingviews: Chevron’s $53 billion all-stock deal for Hess is looking underpowered. @rob_cyran explains the appeal of getting a relatively big chunk of a more stable oil company. But Chevron’s declining stock price may mean the small premium has to be sweetened with cash https://t.co/nS4mm8JuAu
On @Breakingviews: Chevron’s $53 billion deal for Hess is looking underpowered. The main appeal for Chevron is Hess’s 30% stake in a consortium producing oil offshore in Guyana. @rob_cyran explains the appeal of getting a relatively big chunk of a more stable oil company https://t.co/6wzbRIJRqj
From @Breakingviews: Chevron’s all-stock deal for Hess is looking underpowered. @rob_cyran explains the appeal of getting a relatively big chunk of a more stable oil giant. But Chevon's falling stock may mean the deal has to be sweetened with cash https://t.co/72EH9cHIOS
On @Breakingviews: Chevron’s $53 billion deal for Hess is looking underpowered. The main appeal for Chevron is Hess’s 30% stake in a consortium producing oil offshore in Guyana. @rob_cyran explains the appeal of getting a relatively big chunk of a more stable oil company https://t.co/N6jpjP067r
On @Breakingviews: Chevron’s $53 billion all-stock deal for Hess is looking underpowered. @rob_cyran explains the appeal of getting a relatively big chunk of a more stable oil company. But Chevron’s declining stock price may mean the small premium has to be sweetened with cash https://t.co/IIpLAoheJe
Energy firm Chevron will report third-quarter earnings on Friday at a key moment in its history. https://t.co/AqBTgMF24d
TotalEnergies' third-quarter profit rebounded, ending a run of three consecutive declines as the French energy giant benefited from higher oil prices and refining margins https://t.co/COwFc4EVCJ
Chevron target Hess beats quarterly profit estimates on production boost https://t.co/i0UzYzyisp
Chevron target Hess beats quarterly profit estimates on production boost https://t.co/yD2ivqwnkX https://t.co/0qMqkYmIS4