Guyana, Exxon and Permian

Exxon beats Q4 estimates with higher Permian, Guyana output
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Its adjusted profit was $7.39 billion or $1.
Record Permian and Guyana Output Helps Exxon Beat Q4 Earnings Estimates
ExxonMobil reported fourth-quarter earnings that beat analyst expectations, driven by record production in the Permian Basin and Guyana, despite lower refining margins.
ExxonMobil books over $7.3 billion profit on record Permian and Guyana production
Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after maintenance during last quarter. Overall production was just above 4.6 million barrels of oil equivalent per day in the fourth quarter, and 4.3 million boepd for the full year.
Exxon edges higher as Q4 earnings top consensus; Permian, Guyana production hits record
Exxon Mobil (NYSE:XOM) +0.4% pre-market Friday after reporting Q4 adjusted earnings that were roughly flat compared with the year-earlier quarter but ahead of Wall Street estimates, driven by high-margin projects in the Permian Basin and Guyana.
Exxon Mobil's strong fourth quarter fueled by rising production in the Permian, Guyana
The results topped Wall Street expectations, though Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts polled by Zacks Investment Research anticipated earnings of $1.
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Mergers slow as oilfield picks up steam
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
Chevron Sees Permian Basin Oil Growth Reaching 10% This Year
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.
Deep Dive Into Permian Resources Stock: Analyst Perspectives (6 Ratings)
Insights from analysts' 12-month price targets are revealed, presenting an average target of $20.67, a high estimate of ...
Midland Reporter-Telegram on MSN2h
Atlas Energy adopts driverless trucks for West Texas frac sand deliveries
Atlas Energy Solutions integrates driverless trucks for frac sand deliveries in the Permian Basin, marking a corporate milestone.
Permian Resources: Strong Operational Performance and Strategic Acquisitions Drive Buy Rating
Wells Fargo analyst Hanwen Chang has maintained their bullish stance on PR stock, giving a Buy rating yesterday.Invest with Confidence: Follow ...
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Recording Library of West Texas describes ballet
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.