The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Exxon Mobil Corp. beat earnings estimates as strong production growth cushioned the drop in oil prices and refining margins, easing investor concerns about an increase in capital spending.
Exxon’s full-year refining earnings dropped to $4 billion from $12.1 billion in 2023, according to a statement Friday. As for Chevron, its global fleet of plants earned just $1.7 billion last ...
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.
HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though it beat Wall Street's profit estimate with higher ...
No end to surprises from offshore Guyana and an ExxonMobil-led consortium ... South America country firmly onto the global oil map. OilPrice points out that the offshore Guyana-Suriname Basin ...
Exxon Mobil (XOM) reports Q4 earnings on Friday, with EPS of $1.56 and revenues of $86.63 billion expected. Stock is down YTD ...
Shares of the No. 1 U.S. oil producer declined 1.7% to $107.72 in afternoon trading, which was in line with a drop in the broader S&P 500 Energy Sector index. Exxon's adjusted profit for the ...
Exxon Posts Mixed Q4 Results With Higher Oil Production, Weak Refining Profit By Sheila Dang HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in ...
ExxonMobil is a major integrated energy company, principally engaged in the exploration and production of crude oil and natural gas, as well as the transportation and marketing of petroleum products.