So finally, American oil giants ExxonMobil and Chevron reported…

· 28. 4.

So finally, American oil giants ExxonMobil and Chevron reported another quarter of strong earnings on Friday!

Strong refining results offset the effect of lower oil prices in the first quarter compared to a year ago, lifted profits and allowed ExxonMobil to return $8.1 billion to shareholders and Chevron $6.6 billion in dividends and share buybacks.

Results in the 2022 period were lifted by a surge in oil prices following Russia's invasion of Ukraine. However, some feared the results could be worse as oil prices traded at around $70 a barrel for most of the quarter.

Do you have companies in the energy sector in your portfolio?

Osobní pohled člena komunity, ne investiční doporučení. Pravidla komunity

Bill Combs @billcombs 28. 4.

Those results look really nice. Unfortunately, I don't have any stocks from this sector yet but I was thinking of buying $CVX.

Jason Bellier @neostonks 28. 4.

Exxon Mobil - the oil giant reported record first-quarter earnings. Exxon Mobil's adjusted earnings per share came in at $2.83, beating analysts' estimates of $2.59. It reported revenues of USD 86.56 billion, which also beat expectations of USD 85.41 billion.

Chevron - The oil giant's adjusted earnings per share were $3.55 versus $3.41 expected by analysts polled by Refinitiv. Revenue also beat, but net income at Chevron's oil and gas division fell 25% due to the drop in oil prices.

Evropské akcie zahájily smíšeně, obavy o rozpočet Francie