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Exxon Mobil Newsroom
BP Stock Drops After Earnings Miss, Buyback Cut. It's a Warning for Exxon, Chevron
Exxon Mobil Q1 Earnings Boosted by Upstream, Refining, Weighed by Chemicals, RBC Says
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Commodity Prices Set to Tumble as Tariffs Slow Global Economy, World Bank Forecasts
BP Stock Falls as Earnings Miss, Buyback Cut. It's a Warning for Exxon, Chevron. -- Barrons.com
BP's profits have plummeted, but the CEO claims the Global Strategy transformation is off to a "good start."
BP PLC, the giant in the oil industry, announced on Tuesday that its Net income for the first quarter was slightly lower than expected due to the sharp drop in Crude Oil Product prices and adjustments in its Global Strategy. The core alternative cost profit (i.e., Net income Indicators) reported by the troubled energy group was $1.38 billion, below the $1.6 billion projected by Analysts. BP PLC's Net income for the same period last year was $2.7 billion, and it is expected to be $1.2 billion in the fourth quarter of 2024. The release of the Earnings Reports comes less than two months after BP PLC announced its strategic transformation, facing new pressures from activist investors. To rebuild investor confidence, BP PLC committed in February to reduce Wind Power expenditures and increase annual investments in its Oil & Gas core Business.
The risk of Crude Oil Product price decline is increasing, and oil giants may cut dividends and buybacks.
The market is concerned that OPEC+ is about to increase production, and the lack of transparency in U.S.-China trade relations is putting pressure on oil prices.
Oil Prices Fall Nearly 2% On Demand Concerns And Iran Talks
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We Think Exxon Mobil (NYSE:XOM) Can Stay On Top Of Its Debt
Express News | Caspian Pipeline Consortium to Resume Operations at Kropotkinskaya Station on May 20 - Ifx
Oil Futures Steady in Sideways Trade -- Market Talk
Under the impact of the trade war, oil prices have plummeted, and Canadian drillers are turning to Henry Hub Natural Gas.
Due to the tensions in Global trade and OPEC+ exceeding expectations for production increases, Crude Oil Product prices have been severely impacted, leading drilling companies in the Canadian energy hub of Alberta to shift their focus towards Henry Hub Natural Gas.
Oil Stuck in Narrow Range as OPEC+ Supply Hike Looms
Will the US Stock Market's Rebound Ignite Your Next Trade?
Oil Outlook Clouded by Trade Talks, OPEC+ Supply Uncertainty -- Market Talk
Market Chatter: Aster Chemicals and Energy to Bid for Exxon Mobil-owned Petrol Stations in Singapore