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Exxon, Guyana and Permian
Exxon beats Q4 estimates with higher Permian, Guyana output
By Sheila Dang HOUSTON - Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Fourth quarter profit was $7.
Record Permian and Guyana Output Helps Exxon Beat Q4 Earnings Estimates
ExxonMobil reported fourth-quarter earnings that beat analyst expectations, driven by record production in the Permian Basin and Guyana, despite lower refining margins.
Exxon Tops Q4 Estimates as Permian and Guyana Production Soar
Exxon said over 50% of its 2024 production came from Permian, Guyana, and LNG and expects that share to exceed 60% by 2030. Exxon returned $36 billion to shareholders in 2024, backed by $36.2 billion in free cash flow. The company led the industry with a 12.7% return on capital employed.
Exxon Mobil’s strong fourth quarter fueled by rising production in the Permian, Guyana
Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana.
3d
on MSN
Exxon Mobil's strong fourth quarter fueled by rising production
Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased ...
2d
Exxon posts mixed Q4 results with higher oil production, weak refining profit
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil ...
The Business Journals
12d
ExxonMobil to invest $140B in Permian Basin, creates new fracking tech
ExxonMobil
has increased its presence in the
Permian
Basin and is using new tech to boost its fracking efficiency.
ExxonMobil
Corp. (NYSE: XOM) is increasing its interest and investments in the ...
1d
ExxonMobil Dominated Last Year, Delivering 1 of Its Best Performances of the Past 10 Years
ExxonMobil (NYSE: XOM) is a powerhouse in the oil patch. The oil giant delivered an industry-leading financial performance ...
2d
Big Oil bleak on refining profits going into 2025
Big Oil executives this week saw little prospect of a near-term improvement in refinery profits after Chevron , Exxon Mobil ...
Upstream
2d
ExxonMobil eyes earlier timeline for Yellowtail first oil offshore Guyana
Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after ...
3d
Exxon’s Rising Production Drives Earnings Beat Despite Oil Slide
Exxon Mobil Corp. beat earnings estimates as strong production growth cushioned the drop in oil prices and refining margins, ...
2d
Exxon reports mixed Q4 results with strong production, weak refining profit
Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria.
Oil
2d
ExxonMobil sees annual earnings decrease alongside rise in production
Since 2019, the operator achieved $12.1 billion of cumulative Structural Cost Savings, including $2.4 billion of savings ...
3d
on MSN
ExxonMobil: Solid EPS, But Revenue Miss
ExxonMobil surpassed earnings expectations, but revenue fell short, highlighting the fourth quarter's achievements and ...
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