Exxon Mobil and Chevron reported lower first-quarter profits due to weak natural gas prices and refining margins. Both companies experienced output growth in key regions like Guyana and the Permian Basin. Despite the earnings dip, Chevron's Permian output was better than expected.
Sinopec's Q1 profit falls on subdued chemicals business #oott https://t.co/8RUQzMM2w7
Exxon and Chevron Output Booms in World’s Hottest Oil Patches - Bloomberg
Exxon and Chevron Output Booms in World’s Hottest Oil Patches Output is booming in #Guyana, Permian Basin for both companies The US majors will extend lead over Shell, BP once deals close #oott https://t.co/SvUY68bQJq
Exxon Mobil and Chevron posted lower first-quarter profits in part because of anemic natural-gas prices and refining margins, as their run of record-setting results tapers off. $XOM $CVX https://t.co/Supd0qUy17
Oil giant Chevron topped earnings estimates but saw its profit drop compared with the year-ago period. $CVX CEO Mike Wirth joined the group for a @CNBC exclusive interview to break down his quarterly results. https://t.co/n9icMEAV44
Chevron Permian output drops less than expected in Q1; Guyana output exceeds 600,000 b/d #oott https://t.co/ylz9uaxUNn
ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower margins on oil refining and plunging natural gas prices. https://t.co/ee8ohT8wbO
Chart of the Day: #Russia’s Exports of Petroleum Products Declined Significantly #oott https://t.co/rSkjzXgjAp
#Mexico: Pemex Ekes Out Tiny Profit as Oil Production Decline Resumes AMLO’s successor is expected to continue supporting Pemex Pemex has $102 billion in debt, most of any oil company #oott https://t.co/qzeXXsDGJL
Crude Flows Through Pipelines Signal Slow US Output Growth Real-time volumes ‘relatively flat’ compared with 2023 Wood Mackenzie expects growth of 270,000 barrels a day in 2024 #oott https://t.co/RWzyT9h5Bz
Earnings for Big Oil backpaddle as natgas prices tumble https://t.co/JRDLrvEU1n https://t.co/ikMy6Z6soV
Earnings for Big Oil backpaddle as natgas prices tumble #oott https://t.co/rAvZE71jZp
#Mexico's Pemex reduces financial debt, increases refining but production falls #oott https://t.co/YJhAHmbtwf
#Canada's Imperial Oil gets earnings boost from higher production #oott https://t.co/8nOYw4Kdsl
⚠️ Earnings for Big Oil backpaddle as natgas prices tumble Full Story → https://t.co/AshecBW5RE U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago. https://t.co/VwU2nr9Zed
Exxon Tumbles On One-Time EPS Charges Despite Surge In Cash Flow, Buyback Boost https://t.co/mr3ep1v4QR
US oil giants’ profits dip as Exxon deal nears finish line https://t.co/ujuevSQvZw
Chevron, Exxon stocks fall as lower refining margins, falling natural gas prices hit profits https://t.co/wFkc5fF8Nj by @ines_ferre
$XOM and $CVX getting hit on earnings miss. Cash flow for $XOM was even better than expected (by us and consensus). Guyana still going strong, Permian and #quad2 also