Exxon Earnings Top, Chevron Mixed As Capital Spending Cut Again [Investor's Business Daily]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Investors Business Daily
Related news Exxon Mobil ( XOM ) reported better-than-expected first-quarter earnings and revenue early Friday, as the industry reels from the collapse in crude oil prices. Chevron ( CVX ) had mixed results cut capital spending yet again. Shares of both Dow Jones energy giants fell early Monday. The Exxon and Chevron earnings reports also come as OPEC+ formally begins implementing its landmark deal to cut production for two years and prop up crude oil prices, starting with a reduction of 9.7 million barrels a day in May and June. Crude oil futures rose early Friday. Estimates: Analysts saw Exxon earnings plunging 93% to 4 cents with revenue down 15% to $53.8 billion. Results: Exxon earnings on a non-GAAP basis fell to 53 cents, excluding a massive charge of $2.9 billion, or 67 cents a share, to account for lower inventory values from cheaper oil prices. Revenue sank nearly 12% to $56.16 billion. Total oil-equivalent production of 4.05 million barrels per day was up 1.6% from a year
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XOM
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- 10/31/25 - Beat
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Sec Filings
- 12/2/25 - Form 4
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- 12/2/25 - Form 4
- XOM's page on the SEC website