US oil giants' profits dip as Exxon deal nears finish line [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
ExxonMobil, which had targeted the second quarter to complete a $60 billion takeover of US shale player Pioneer Natural Resources, reported profits of $8.2 billion, down 28 percent from the year-ago period. Similar results from Chevron showed how the petroleum sector, while off its peak, remains highly profitable, enabling billions of dollars in shareholder payouts. While commodity prices for liquid hydrocarbons rose slightly and ExxonMobil continued to score impressive volumes from Guyana, those benefits were more than offset by a 32 percent drop in natural gas prices. The company's energy products business also experienced a big drop in earnings on weaker refining profit margins despite reporting record first-quarter refining throughout. Revenues dipped four percent to $83.1 billion. In a conference call with analysts, ExxonMobil Chief Executive Darren Woods expressed confidence in closing the Pioneer transaction in the second quarter, describing "constructive" work with
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XOM
News
- Exxon will likely still be producing oil & gas in 2050: Exxon CEO [Yahoo! Finance]Yahoo! Finance
- ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project [Yahoo! Finance]Yahoo! Finance
- Stocks rise to start the week, Exxon & IBM CEOs speak to Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- U.S. February Oil Production Rebounds [Seeking Alpha]Seeking Alpha
- Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025 [MSNBC.com]MSNBC.com
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/6/24 - Form PX14A6G
- 5/6/24 - Form 3
- 5/3/24 - Form S-8
- XOM's page on the SEC website