Exxon, Chevron Turn Page on Legal Fight as Profits Slip

Exxon’s Next Move: Permian Expansion or Deepwater Dive After Hess Loss?

Key Points in This Article: Exxon Mobil’s (XOM) Q2 earnings beat expectations despite a profit decline due to lower oil prices, highlighting its resilience through record production. The Permian Basin offers acquisition opportunities to enhance Exxon’s shale dominance. Deepwater takeover targets could diversify Exxon’s portfolio, while prioritizing FCF for dividends presents a low-risk alternative. Nvidia made early investors rich, but there…

Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian

The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers in the booming Permian Basin—but they’re pledging to take very different paths going forward. While West Texas production leader Exxon aims to spike its volumes another 50% in the next five years and keep growing beyond 2030, Chevron is taking a “plateau” approach and focusing on free cash flow. The two companies reported their earnings Aug. 1 ju…

Exxon, Chevron turn page on legal fight as profits slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

Exxon CEO Congratulates Chevron After Bruising Feud Over Guyana

The head of Exxon Mobil Corp. has offered an olive branch to his counterpart at Chevron Corp. now that their hard-fought battle over Guyana is over.