|
|
|
02.05.25 - 17:31
|
Chevron CEO on Earnings, Energy Demand, Buying Hess (Bloomberg)
|
|
Chevron Corp. Chief Executive Officer Mike Wirth says the oil and gas giant had a very strong quarter even though oil prices were flat. Wirth says the company is ramping up production in the Gulf of America and he expects to see great output. Wirth also says he's confident Chevron will be able to close the $53 billion deal to buy Hess Corp. He speaks to Bloomberg's Alix Steel. (Source: Bloomberg)...
|
|
30.04.25 - 14:30
|
Hess Q1 Profit Declines, But Beats Estimates (AFX)
|
|
WASHINGTON (dpa-AFX) - Hess Corporation (HES), an independent energy company, Wednesday reported net income of $430 million or $1.39 per share for the first quarter, lower than $972 million or $3.......
|
|
|
|
|
|
|
|
|
02.08.24 - 22:27
|
Exxon Reports Blowout Earnings, Record Output Thanks To Pioneer Deal (ZeroHedge)
|
|
Exxon Reports Blowout Earnings, Record Output Thanks To Pioneer Deal
Two weeks ago when Exxon previewed its upcoming earnings, there was some disappointment amid what was viewed as weakness in upstream prices and energy product margins.
Which is why much to everyone's surprise, today's Q2 report by the largest US energy major blew away estimates, revealing the second-best Q2 earnings in company history thanks to the recent closing of the $63 billion Pioneer acquisition, which made Exxon into the second biggest energy player in the world after Aramco (while closest competitor Chevron is still choking on its Hess acquisition).
For those who missed it, here is a snapshot of what XOM reported:
Q2 EPS $2.14 (or GAAP earnings of $9.2BN) beating est. $2.02., and up from $2.06 YoY, with E&P (both US and International) drove the beat vs estimates.
Q2 revenue $93.06bn, beating est. $90.09bn.
Production higher at 4358 Mboe/d vs. Cons 4242.2 Mboe/d, with stronger US and International liquids and highe...
|
|
|
|
|
|
|
|
|
|