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Chevron and Exxon profits drop on falling oil price
Chevron said net income fell by just over a third to $3.5bn in the first quarter, down from $5.5bn a year earlier, and slightly below analysts’ consensus estimates. Revenues fell to $47.6bn, down from $48.7bn a year earlier, as its global production remained flat.
Gas prices, though having risen slightly while oil prices continue to fall to prices not seen since 2021, could begin to dip downward despite the summer travel season.
Oil prices settled down on Wednesday and recorded the largest monthly drop in almost 3-1/2 years after Saudi Arabia signaled ...
Crude oil prices have extended their decline, heading for what Reuters reports will be their steepest monthly drop in three ...
The decline in crude prices started in early April when U.S. President Donald Trump announced new tariffs on imports. China ...
Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil ...
He notes that oil prices could drop to $60 per barrel but expects a recovery in the next 18 months. To watch more expert insights and analysis on the latest market action, check out more Catalysts ...
Oil headed for its largest monthly decline since November 2021 on signs the U.S.-led trade war is hurting economic growth and ...
Following oil's biggest monthly drop since 2021, signs that the Saudi-led OPEC+ alliance may be entering a prolonged period ...
Crude oil prices capped their worst monthly drop since November 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge.
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