Exxon Mobil, Chevron Beat Earnings. But Only One Hiked Its Dividend.
Expectations put chevron earnings at $2. 43 per share with sales coming in at $48. 86 billion, according to factset. Exxon mobil also announced it increased its fourth. Exxon, the biggest western oil company, posted net income of $8. 6bn on friday, down 7 per cent on the same period a year ago. Chevron, the second biggest, made $4. 5bn,. Exxon mobil is set to benefit from higher crude oil prices and expanding production, particularly from its recent permian asset acquisition.
Chevron’s oil and natural gas output increased 7% from a year earlier, with production in the us permian basin touching a new quarterly record. Expectations put chevron earnings at $2. 43 per share with sales coming in at $48. 86 billion, according to factset. Exxon mobil reported q3 earnings fell 15% to $1. 92 per share while sales totaled $90. 02 billion, down about 1% compared to a year ago. Ahead of friday, the analyst. Exxon mobil stock climbs after earnings beat, dividend hike. Exxon mobil stock climbed early friday as the oil giant beat earnings expectations and hiked its dividend,.