WTI Finds Support After Sell Off Suddenly Halts [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
Despite Strong Production Momentum, US Oil Majors Fail to Impress - ExxonMobil and Chevron reported a combined net profit of $13.7 billion in their Q1 2024 earnings, $8.2 and $5.5 billion respectively, as oil majors saw squeezed natural gas prices and lower refinery margins, marginally offset by higher oil production. - ExxonMobil's Q1 results have disappointed the market, prompting the largest intraday decline since the announcement of its $60 billion Pioneer takeover, after lower-than-expected refining results. - Chevron, on the other hand, posted better-than-anticipated results with adjusted Q1 profits of $2.93 per share, producing more than 2 million b/d of crude despite a stagnant Permian basin output. - Overperforming their European peers, Exxon and Chevron manage to fight over the future of Guyana's Stabroek block in a soon-to-start arbitration, following Chevron's takeover of Hess Energy and its 30% stake in the project. Market Movers - Brazil's national oil compa
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XOM
News
- ExxonMobil (XOM), Petronas Strike Major Find Offshore Suriname [Yahoo! Finance]Yahoo! Finance
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- Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics [CNBC]CNBC
- Firm building QatarEnergy-Exxon LNG plant in Texas files for bankruptcy [Yahoo! Finance]Yahoo! Finance
- Global Mixed Xylene Market Report 2024-2030 Featuring Profiles of Flint Hills Resources, GS Caltex, ExxonMobil, Chevron Phillips Chemical, and TOTAL Among Other Key Players [Yahoo! Finance]Yahoo! Finance
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/21/24 - Form PX14A6G
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form PX14A6G
- XOM's page on the SEC website