Exxon, Chevron Top Q3 Profit Expectations As US Oil Output Hits Record High
Both pumped record amounts of oil and gas from the permian basin, the top u. s. Exxon’s output from the basin, which spans across texas and new mexico, hit a. Chevron reported on friday adjusted earnings of $4. 5 billion for q3, down from $5. 7 billion from a year earlier, due to lower margins on refined product sales, lower. Exxon, chevron top q3 profit expectations as us oil output hits record high. 14 hours chevron tops q3 earnings forecast as its u. s.
Exxon’s q3 profit dropped from a year earlier, amid lower crude oil and natural. 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.