Benchmark Brent crude prices averaged $66.71 per barrel during the April to June quarter, an 11% decline from the previous quarter.
Exxon Mobil Corp. late Monday warned investors that its second-quarter profit may take a hit of more than $1 billion from lower crude prices, and just under $1 billion from lower natural-gas prices.
Over the past few years, the company's efforts have included repositioning, ramping up production, and improving operational quality, which have driven a robust cash flow despite the decline in oil prices.
Companies from Indonesia and the United States are expected to sign a memorandum of understanding worth $34 billion, including state energy Pertamina [RIC:RIC:PERTM.UL], Exxon Mobil Corp and Chevron , a government official said on Monday.
Exxon (XOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has earned a repeat ‘Buy' rating from UBS analysts who remain bullish on the energy giant ahead of its second quarter earnings report. They have a $130 price target on ExxonMobil, representing 17% upside on its July 2 closing price of about $111.
Exxon Mobil is set to boost Guyana's production by 50% with a new platform. Management is confident in winning the right of first refusal dispute. Guyana's profits surged 64%.
XOM targets breakeven at $30/barrel by 2030 while slashing $12.7B in costs, fueling resilience amid price swings.
XOM's $14.25 million Baytown pollution fine stands as the Supreme Court rejects its appeal in a landmark Clean Air Act case.
Exxon Mobil (XOM) reached $107.8 at the closing of the latest trading day, reflecting a -1.44% change compared to its last close.
Darren Woods, Exxon Mobil chairman and CEO, joins 'Squawk Box' to discuss the recent moves in oil prices, if current prices will stick around and much more.
Exxon Mobil Corporation (NYSE:XOM ) JP Morgan Energy, Power, Renewables & Mining Conference June 24, 2025 8:35 AM ET Company Participants Jack P. Williams - Senior Vice President Conference Call Participants John Macalister Royall - JPMorgan Chase & Co, Research Division John Macalister Royall All right.