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Oil price rally belies weaker Q1 profits at Exxon and Chevron
business26 days ago

Oil price rally belies weaker Q1 profits at Exxon and Chevron

Exxon Mobil and Chevron posted lower first-quarter profits despite oil prices surging, citing timing effects and Middle East supply disruptions. Exxon earned $4.2B (down about 46% YoY) and Chevron $2.2B (down about 37%), though both beat expectations. Excluding timing effects, Exxon’s profit would be about $8.8B, with roughly $3B of timing headwinds at Chevron. The market remains hopeful that profits will lift as disruptions ease and prices stay elevated.

via The Guardian|
#business#chevron#earnings
business26 days ago

Oil rally fails to lift majors as hedges bite Exxon and Chevron

ExxonMobil and Chevron posted weaker first‑quarter profits despite rising crude and gasoline prices, as hedging backfired and one‑time timing effects dented results. Exxon earned about $4.18 billion ($1 per share) but took roughly a $4 billion hit from hedge timing, while revenue topped expectations. Chevron reported $2.21 billion in quarterly profit with adjusted EPS of $1.41, beating forecasts, though GAAP results were affected by a $360 million net loss from a legal reserve and currency effects. Production slipped to about 4.6 million oil‑equivalent barrels per day, and the near‑closure of the Strait of Hormuz limited the benefits of higher prices.

via Baton Rouge Business Report|
#business#chevron#exxonmobil
Big Oil defies White House drilling push as prices surge
business26 days ago

Big Oil defies White House drilling push as prices surge

ExxonMobil and Chevron refused to shift their prewar production plans despite White House calls to boost drilling amid a global energy crunch from Middle East tensions; they say their strategy remains focused on growing free cash flow rather than production. In Q1, profits fell due to hedge losses, though refinery runs stay high and production gains from Hess integration and Permian output are being pursued within their long-term plans.

via Financial Times|
#business#chevron#exxonmobil
Exxon Tops Q1 Earnings as Oil Rally Offsets Production Dip
energy26 days ago

Exxon Tops Q1 Earnings as Oil Rally Offsets Production Dip

ExxonMobil topped Q1 estimates with adjusted earnings of $4.9 billion ($1.16 per share) as higher oil prices boosted profits even though output fell about 6% quarter-over-quarter to 4.6 million oil-equivalent barrels per day due to Middle East disruptions and maintenance. Revenue rose to $85.14 billion, aided by strong refining and trading, with a quarterly Guyana production record (>900,000 gross bpd) helping offset weaker Middle East volumes. The company highlighted gains from outside the region via Guyana and the Permian while noting hedging losses of about $700 million tied to Middle East disruptions.

via Crude Oil Prices Today | OilPrice.com|
#energy#exxonmobil#guyana
Oil majors brace for profits rebound as prices stay high despite Q1 dip
business26 days ago

Oil majors brace for profits rebound as prices stay high despite Q1 dip

ExxonMobil and Chevron both reported falling first-quarter profits (Exxon net income $4.2B, down 46% YoY; Chevron $2.2B, down 37%) due to hedging losses as oil prices rose amid the Iran conflict. However, analysts expect a sharp earnings rebound later in 2026, with Exxon Q2 profits anticipated to more than double and full-year up about 46%, and Chevron Q2 profits expected to triple with a roughly 56% annual rise, supported by higher oil prices and elevated fuel costs while geopolitical tensions keep markets volatile.

via CNN|
#business#chevron#energy
Helium Shortage Could Turn Exxon Into a Quiet Chipmaker Winner
investing1 month ago

Helium Shortage Could Turn Exxon Into a Quiet Chipmaker Winner

Geopolitical shocks have knocked out roughly a third of global helium supply, driving up prices for ultra-high-purity gas essential to semiconductor manufacturing. ExxonMobil’s Shute Creek gas plant in Wyoming now stands as a major helium supplier (about 20% of global supply) with long-run reserves, giving the company a potential margin tailwind as chipmakers like TSMC, Samsung, and SK Hynix rely on helium. The upgrade in helium pricing could boost Exxon’s cash flow and dividend appeal, making it a safer play than pure helium peers. Investors are cautioned to consider a position on dips (e.g., below about $165) as the shortage unfolds.

via 24/7 Wall St.|
#dividends#exxonmobil#helium
Oil crosses $100 as energy stocks lag on war-driven surge
business2 months ago

Oil crosses $100 as energy stocks lag on war-driven surge

Oil prices jump above $100 amid the Iran conflict, but energy shares are not keeping pace, suggesting investors doubt that crude’s spike will be sustained. Major producers with Middle East exposure face near‑term earnings risks from disruption, while a prolonged Strait shutdown could boost cash flow—yet many traders remain wary of pricing in such a scenario given potential price reversals if tensions ease.

via Seeking Alpha|
#business#energy#exxonmobil
Oil Giants on Watch: Strait of Hormuz Turbulence Put Major Energy Stocks in Focus
business2 months ago

Oil Giants on Watch: Strait of Hormuz Turbulence Put Major Energy Stocks in Focus

Seeking Alpha analysts flag Shell (SHEL), TotalEnergies (TTE), BP (BP), ConocoPhillips (COP), and ExxonMobil (XOM) as having the strongest exposure to a Strait of Hormuz closure, driven by LNG and Persian Gulf oil exports; a Ras Laffan LNG facility shutdown could impact earnings for COP, XOM, SHEL, and TTE, though near‑term effects are likely modest given scale and diversification; upstream-focused companies such as COP, Occidental (OXY), EOG Resources (EOG), Devon Energy (DVN), and APA (APA) may see more earnings volatility from Gulf-region disruptions.

via Seeking Alpha|
#bp#business#energy-stocks
Texas Emerges as ExxonMobil’s New Legal Home, Moving From New Jersey
business2 months ago

Texas Emerges as ExxonMobil’s New Legal Home, Moving From New Jersey

ExxonMobil announced it plans to move its legal headquarters from New Jersey to Texas, with the board recommending shareholders vote to redomicile at the May 27 annual meeting. The move would align the company’s legal home with its operating base in the Houston area, while not changing operations or employee locations. Texas’ business-friendly reforms, including the Texas Business Court, are cited as factors, and the move places Exxon among other major firms that have redomiciled in Texas in recent years.

via The Texas Tribune|
#business#business-environment#exxonmobil
Big Oil Rally Fueled by Gulf Tensions
business2 months ago

Big Oil Rally Fueled by Gulf Tensions

Exxon Mobil, Chevron and other energy stocks rose as crude prices surged on escalating U.S., Israel and Iran tensions; analysts say off-region energy names could outperform as a hedge if the Persian Gulf is disrupted, with bellwethers like XOM and CVX likely to lead the rally until the situation clarifies and Hormuz-related risk remains in play.

via Barron's|
#business#energy-stocks#exxonmobil
Texas court lets ExxonMobil defamation suit proceed against California AG over recycling remarks
legal3 months ago

Texas court lets ExxonMobil defamation suit proceed against California AG over recycling remarks

A U.S. District Judge in the Eastern District of Texas ruled that ExxonMobil can pursue a defamation suit against California Attorney General Rob Bonta over his remarks about plastic recycling, including the claim that only 5% of plastic is recycled and that Exxon lied. The judge rejected Bonta’s official-immunity defense for a campaign email sent to Texas residents, allowing the suit to move forward against him, while dismissing the environmental groups’ claims.

via Yahoo|
#defamation#exxonmobil#legal
ExxonMobil posts 2025 earnings, record output, and hefty shareholder returns while guiding 2026 capex
business3 months ago

ExxonMobil posts 2025 earnings, record output, and hefty shareholder returns while guiding 2026 capex

ExxonMobil reported 2025 earnings of $28.8 billion (non-GAAP $30.1B excluding identified items), generated $52.0B cash flow from operations and $26.1B free cash flow, and distributed $37.2B to shareholders in 2025 (dividends $17.2B, buybacks $20B); 4Q25 earnings were $6.5B, full-year Upstream production reached a 40+ year high driven by advantaged assets, and 2026 capex is guided at $27–$29B with ongoing 2030 emissions targets.

via Exxon Mobil Corporation|
#business#buybacks#cash-flow