US EditionQ2 profits at Exxon Mobil and Chevron dip to lowest level in 4 years on subdued energy prices
UNITED STATES, AUG 1 – Exxon’s second quarter profit beat estimates due to increased oil and gas production, offsetting weaker oil prices and boosting EBITDA margin by 172 basis points to 28.9%.
- TC Energy Corp reported a net income of $862 million for Q2 2025, increasing from $804 million in Q2 2024.
- Revenues for TC Energy in the quarter reached $3.74 billion, an increase from $3.33 billion in the prior year.
- The company has raised its expected comparable earnings to between $10.8 billion and $11 billion, up by $100 million from previous guidance.
- Additionally, TC Energy increased its expected capital spending for the year, now projected between $6.1 billion and $6.6 billion, a rise of $600 million.
93 Articles
93 Articles
Lower oil prices, yet still earning more. That's what the two largest American oil companies, ExxonMobil and Chevron, are achieving. In the second quarter, they posted much higher net profits than analysts had dared to anticipate, despite all the panic in the oil-rich Middle East.
Record Permian Output Boosts Exxon's Q2 Results
Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 per share, as the company achieved its highest second-quarter upstream production since the merger of Exxon and Mobil more than 25 years …
Exxon beats profit estimates as higher output counters weaker oil prices
Exxon Mobil , the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices.
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