Chevron, Exxon Top Q3 Estimates As Permian Oil Production Swells
Beat analysts’ profit, output and sales estimates as rising oil production from the permian basin helped offset weaker crude. Driven by a record quarterly u. s. Production and permian oil and gas. Image by ljupco via istock. Beat analysts’ estimates as rising oil production from the permian basin helped offset weaker crude.
(bloomberg) — exxon mobil corp. Beat analysts’ profit, output and sales estimates as rising oil production. Oil output gains set to be tested by slowing demand growth. Oil producers exxon mobil (xom. n) and chevron (cvx. n) posted better. Exxon's $1. 92 per share profit was four cents higher than wall street's outlook, whereas chevron's $2. 51 per share adjusted income was well ahead of analysts' average. Chevron climbed 2. 5%. Beat analysts’ profit, output and sales estimates as rising oil production from the permian basin helped.