Exxon itself briefly avoided this curse during the pandemic, when it curtailed capital spending in response to reduced energy ...
Exxon Mobil shares move lower after reporting lower Q1 earnings due to declining oil refining margins and gas prices.
The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.
E xxon Mobil and Chevron will announce first-quarter earnings and revenue early Friday as the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. Both XOM ...
Exxon Mobil (XOM) posted stronger-than-expected fourth quarter earnings Tuesday, while posting record full-year profits of $56 billion, amid a surge in global crude prices. Exxon said adjusted ...
Exxon said the profits were a vindication of the firm's strategy Oil giant ExxonMobil reaped a record $55.7bn (£45.2bn) in profit last year as oil prices surged following Russia's invasion of ...
In an SEC filing, Exxon (XOM) also said changes in gas prices could have a negative impact of $200M-$600M on upstream earnings in Q1, the company said in the filing. The company also said a $500M ...
Exxon Mobil (XOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives ...
High international oil and natural gas prices last year generated record earnings among all oil majors. Exxon benefited the most after doubling down on oil during the pandemic as European rivals ...
On the other hand, Exxon Mobil projects that variations in industry margins will positively impact energy products earnings by $0.5 billion-$0.7 billion and both specialty products earnings and ...
Exxon Mobil Corp.’s first-quarter earnings will likely be lower than in the prior three-month period due to falling oil and gas prices as well as a drop in profit from mark-to-market derivatives.