US EditionExxon, Chevron profits to drop to lowest point since pandemic, analysts say
UNITED STATES, JUL 31 – ExxonMobil’s adjusted earnings fell 27% and Chevron’s dropped 33% due to an 11% decline in Brent crude prices and increased OPEC+ production, analysts said.
- On Friday, top U.S. oil producer Exxon Mobil is expected to post $6.67 billion and No.2 U.S. oil producer Chevron $3 billion in second-quarter earnings, their lowest in four years.
- Amid rising OPEC+ output, Brent crude declined 11% and U.S. natural gas futures fell 9%, with a Colorado well blowout and Leviathan shutdown cutting volumes by about 1%.
- Exxon Mobil reported Q2 results showing profit declined to $7.08 billion for the period ended June 30, 2025, despite beating Wall Street expectations.
- On July 18, Chevron completed its Hess acquisition, expecting $1 billion in synergies by year-end, after overcoming Exxon’s legal challenge.
- Exxon flagged $300 million in earnings upside from refining margins, while OPEC+ plans to boost August output by 548,000 barrels per day, analysts expect.
24 Articles
24 Articles
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Darren Woods, the chief executive of Exxon Mobil, expressed confidence in the health of the economy, even as lower oil prices dragged the company’s profit in the second quarter to its lowest level in years. “There’s not any area of the business where we’re really seeing demand drop off, which usually is reflective of the underlying economic activity around the world,” Mr. Woods told reporters on Thursday, shortly before President Trump announced…
Chevron Tops Profit Estimates on Record-High Oil and Gas Output
Chevron Corporation (NYSE: CVX) beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs. Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of $4.7 billion, or $2.55 per share, for the same period last year. The decline was the result of lower realizations du…
Exxon Mobil Q2 profit dips to lowest level in 4 years as energy prices slide
Exxon Mobil’s profit dropped in the second quarter to the lowest level in four years as oil prices declined amid an increase in production by OPEC+, but the results still managed to beat Wall Street’s expectations. The oil and gas…
Q2 profits at Exxon Mobil and Chevron dip to lowest level in 4 years on subdued energy prices
Exxon Mobil’s profit dropped in the second quarter to the lowest level in four years as oil prices declined amid an increase in production by OPEC+, but the results still managed to beat Wall Street’s expectations.
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