Chevron

Shell Crushes Expectations with $7.7 Billion First Quarter Profit, Outperforming Oil Giants like Exxon and Chevron

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Radstock, England – Oil giant Shell reported stronger-than-expected first-quarter profits on Thursday, attributing the growth to higher refining margins and robust oil trading. The company’s adjusted earnings of $7.7 billion exceeded analyst expectations of $6.5 billion for the first three months of the year, according to an LSEG-compiled consensus. Despite the positive results, Shell’s first-quarter profit saw a decline of roughly 20% compared to the same period a year earlier, aligning with a broader trend …

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Earnings Plunge: ExxonMobil and Chevron Report Lower Profits

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Houston, Texas – ExxonMobil and Chevron, two of the biggest oil companies in the United States, have reported lower earnings in their recent financial reports. This news comes amidst a challenging time for the oil industry, as the global demand for oil has been impacted by various factors, including the ongoing COVID-19 pandemic and fluctuations in oil prices. ExxonMobil’s earnings took a hit as a result of lower natural gas prices and squeezed refining margins. …

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Oil Giants Exxon and Chevron Shares Drop Despite Strong Production Growth: Learn Why!

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Houston, Texas – Two major oil companies, Exxon Mobil Corp. and Chevron Corp., recently reported underwhelming first-quarter performances despite significant production gains in key oil projects in Guyana and the Permian Basin. Exxon’s stock dropped by as much as 3.5% while Chevron’s fell by 0.7% on Friday, even as crude oil prices increased. Exxon’s adjusted per-share profit fell short by 13 cents due to higher costs related to refinery maintenance and various accounting charges. On …

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