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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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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 ...
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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ExxonMobil Q2 Earnings Surpass Estimates, Revenues Decline Y/YXOM tops Q2 earnings estimates on stronger liquid production and refining margins despite revenue and price declines.
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 posted stronger-than-expected second-quarter earnings on Friday, buoyed by record oil and gas production despite ...
Australia's Woodside Energy said on Tuesday it will take over operatorship of the Bass Strait oil and gas assets from ...
ExxonMobil ( XOM -0.31%) is one of the oldest and most iconic companies in American financial history. It's also gigantic. With a current market cap of nearly $500 billion, ExxonMobil is the ...
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