US Edition
Q2 profits at Exxon Mobil and Chevron dip to lowest level in 4 years on subdued energy prices
UNITED STATES, AUG 1 – Exxon’s second quarter profit beat estimates due to increased oil and gas production, offsetting weaker oil prices and boosting EBITDA margin by 172 basis points to 28.9%.
- Markel Group Inc. reported $1.4 billion in operating income for the first half of 2025.
- The company announced it filed Form 10-Q for the quarter ended June 30, 2025, with the Securities and Exchange Commission.
- Markel's underwriting results showed $60.9 million in net losses due to the January 2025 California wildfires, compared to no losses in the same period in 2024.
- The company's net investment income rose by 3% and 6% for the quarter and six months, reflecting higher yields and holdings.
92 Articles
92 Articles
Lower oil prices, yet still earning more. That's what the two largest American oil companies, ExxonMobil and Chevron, are achieving. In the second quarter, they posted much higher net profits than analysts had dared to anticipate, despite all the panic in the oil-rich Middle East.
Record Permian Output Boosts Exxon's Q2 Results
Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 per share, as the company achieved its highest second-quarter upstream production since the merger of Exxon and Mobil more than 25 years …
Exxon beats profit estimates as higher output counters weaker oil prices
Exxon Mobil , the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices.
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