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Guyana, ExxonMobil
Exxon Mobil’s strong fourth quarter fueled by rising production in the Permian, Guyana
Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana.
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.
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.
Exxon Beats Q4 Estimates With Higher Permian, Guyana Output
HOUSTON - 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. Fourth quarter profit was $7.
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.
54m
on MSN
ExxonMobil's Profits Top Estimates on Highest Production in a Decade
Key Takeaways ExxonMobil on Friday reported lower revenue but higher profits than expected for the final quarter of 2024.The ...
2h
on MSN
ExxonMobil: Solid EPS, But Revenue Miss
However, total revenue for the quarter was $83.4 billion, falling short of the anticipated $86.33 billion. Free cash flow of ...
Upstream
38m
ExxonMobil eyes earlier timeline for Yellowtail first oil offshore Guyana
Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after ...
1d
ExxonMobil and Chevron Q4 preview: Double-digit fall in profit likely, outlook in focus
U.S. oil majors ExxonMobil (XOM) and Chevron (CVX) are expected to report a double-digit decline in profit amid falling ...
3d
on MSN
ExxonMobil's lobbyists allegedly got hackers to target climate activists
A man arrested in London in April and charged with hacking claimed that the scheme happened under the orders of Exxon and its ...
BOE Report
4h
ExxonMobil Announces 2024 Results
Business transformation drove industry-leading 2024 financial performance1 Delivered $33.7 billion in earnings and $55.0 billion in cash flow from operations – third best year in a decade Achieved ...
2d
ExxonMobil Launches Natural Gas Exploration Project Offshore Cyprus
XOM begins exploratory drilling offshore Cyprus at the Electra prospect. The region has shown promising results, as ...
9d
on MSN
Are ExxonMobil and Chevron the Best High-Yield Energy Stocks to Buy Now That Oil Just Topped $80 per Barrel?
In December, ExxonMobil updated its corporate plan, including new cost savings targets, earnings and cash-flow expectations, ...
7d
ExxonMobil launches 'promising' exploration well off Cyprus, President says
ExxonMobil and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of Cyprus, Cyprus ...
1h
Nasdaq Index: Apple and Atlassian Lift Tech Stocks Today, but Exxon Struggles
Apple and Atlassian lift Nasdaq, while Exxon drags on markets. Inflation data fuels Fed speculation as traders weigh earnings ...
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Cyprus
Guyana
Chevron Corporation
Nikos Christodoulides
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