(Bloomberg) -- Profits for Exxon Mobil Corp. and Chevron Corp were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers ... crude for US-based refineries.
The beat comes just weeks after many analysts lowered expectations based on weaker-than-expected ... have such high margins that they will drive Exxon’s breakeven oil price down to just $30 ...
Integrated oil giants ExxonMobil and Chevron are in their best ... have historically paid variable dividends that fluctuate based on the business's underlying performance, making them inconsistent ...
Exxon's Q4 2024 profit exceeded Wall Street expectations, hitting $7.39 billion, despite lower oil prices. Rising oil and gas production offset the impact of lower prices and refining margins.