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ExxonMobil Reports 23.4% Drop In Profits On Lower Crude Prices
ExxonMobil reported a drop in second-quarter profits Friday as the hit from lower crude prices more than offset a boost from higher oil and gas production. The petroleum giant reported profits of $7.1 billion, down 23.4 per cent from the year-ago period. Crude prices were under $65 a barrel, more than $10 less than the level in the 2024 quarter.
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Q2 profits at Exxon Mobil and Chevron dip to lowest level in 4 years on subdued energy prices
Exxon Mobil’s profit dropped in the second quarter to the lowest level in four years as oil prices declined amid an increase ...
Q2 2025 Management View Darren W. Woods, Chairman and CEO, emphasized the strength of ExxonMobil’s diversified business, stating, "This quarter once again proved the value of our strategy and our ...
ExxonMobil's second-quarter earnings declined to $7.1 billion due to lower oil prices, but the operator achieved record upstream production.
After losing an arbitration battle to block Chevron’s $53 billion acquisition of Hess, ExxonMobil is scouting for its own oil patch deals, The Wall Street Journal writes. CEO Darren Woods says ...
ExxonMobil reported strong second-quarter earnings, surpassing analyst estimates, driven by record production in the Permian ...
Australia's Woodside Energy said on Tuesday it will take over operatorship of the Bass Strait oil and gas assets from ...
The thermoplastic composite pipe (TCP) jumpers were fabricated as part of the company’s Jumper on Demand concept aimed at flexible, high-volume part manufacture.
The campaign applies a high-volume fabrication method, proving that onsite fabrication of thermoplastic jumpers has the flexibility to scale up or down, service provider ...
GlobalData on MSN11d
ExxonMobil negotiating return to Iraq’s oilfields
ExxonMobil is reportedly in negotiations with Iraq to make a comeback to the nation's oilfields, according to a report by ...
Exxon Mobil (NYSE:XOM) shares climbed 1.5% in premarket trading Friday after the U.S. energy giant reported second-quarter earnings and revenue that trumped analysts’ forecasts.
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