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Chevron profit disappoints
Chevron profit disappoints as refining posts first loss in four years
Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020.
Chevron logs its first refining loss in four years, sending stock lower
Chevron Corp.’s stock fell 2% early Friday, after the oil company’s downstream-refining business delivered its first loss in four years, hurt by lower margins on oil sales. The company also missed profit estimates for the fourth quarter,
Chevron’s Q4 Earnings Miss Forecast as Refining Swings to Loss
Chevron reported lower-than-expected fourth-quarter earnings due to a loss in its refining division, despite strong upstream production.
Business Times
8h
Exxon, Chevron succumb to oil-refining slump as tariffs loom
PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil suppliers threatens to make the refining business even worse. Read more at The ...
2d
on MSN
Exxon, Chevron Yearly Profits Down as Investor Payouts Hit Fresh Highs
Annual profits fell, but the oil giants made record distributions to shareholders as production rose to historic levels in ...
11d
on MSN
Are ExxonMobil and Chevron the Best High-Yield Energy Stocks to Buy Now That Oil Just Topped $80 per Barrel?
In December, ExxonMobil updated its corporate plan, including new cost savings targets, earnings and cash-flow expectations, ...
1d
Phillips 66 Q4 profit plunges, shares fall on weak refining margins
Refiner Phillips 66 reported a smaller-than-expected loss on Friday as strength in its renewables segment offset a sharp ...
7d
on MSN
Fighting in Sudan’s civil war sets ablaze the country’s largest oil refinery, satellite photos show
Fighting around Sudan ‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated ...
RTE Online
1d
Oil producer Chevron uses term 'Gulf of America' after Trump renaming order
US oil producer Chevron used the term "Gulf of America" instead of Gulf of Mexico in its fourth-quarter press release today, ...
2d
Exxon Posts Mixed Q4 Results With Higher Oil Production, Weak Refining Profit
HOUSTON - Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset ...
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