ExxonMobil and Chevron Lead Estimated Profit Rankings
Big oil companies ExxonMobil and Chevron recently reported their Q1 2025 earnings, and both showed improvements compared to analyst predictions, albeit with mixed results.
ExxonMobil, symbolized by XOM, raked in EPS of $1.76 on approximately $83.13 billion in revenue. Analysts were expecting EPS of $1.75 and revenue of $78.33 billion. The company also reported producing 4.6 million barrels of oil equivalent per day (BOE/D), a figure that matched the expected mark. This quarterly production level, if maintained, would set a new decade high for ExxonMobil.
Meanwhile, Chevron posted adjusted EPS of $2.18, revenue of $47.61 billion, and production of 3.35 million BOE/D. Although these figures fell slightly short of the expected EPS and revenue, they still managed to surpass analysts' estimates for the other two metrics.
Some intriguing contrasts between the two companies emerged. While ExxonMobil's Q1 2025 profit marked its lowest first-quarter earnings since 2022, Chevron's Q1 2025 earnings were at their lowest since 2021.
In a twist, Chevron announced plans to buy back significantly less stock in the second quarter compared to Q1, due in part to falling oil prices. The company projected second-quarter repurchases between $2.5 billion and $3 billion, down from $3.9 billion in the first quarter. However, Chevron's full-year outlook of $10 billion to $20 billion in buybacks remains unchanged.
As the stocks entered the day down by roughly 2% and 6%, respectively, since the start of the year, ExxonMobil shares remained unchanged, while Chevron shares edged higher in recent trading.
In the end, both ExxonMobil and Chevron have shown resilience in an increasingly competitive and dynamic market, despite the challenges posed by lower oil prices and shifting market dynamics.
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- ExxonMobil's earnings for Q1 2025, represented by the symbol XOM, saw a profit of $1.76 per share, a figure slightly higher than analyst forecasts of $1.75.
- Chevron, on the other hand, posted adjusted earnings per share of $2.18 for Q1 2025, surpassing the predicted $2.12 but falling below the anticipated revenue of $48.65 billion.
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- Despite the remarkable performance of ExxonMobil and Chevron in Q1 2025, the average forecast for both companies' Q2 2025 earnings is expected to see a slight dip due to forecasted average oil prices lower than the previous quarter.
- In light of the latest earnings reports from ExxonMobil and Chevron, as well as the evolution in oil market dynamics and CFD trading with platforms like Pepperstone, finance experts say it's crucial for investors to stay informed and make smart decisions based on the latest financial trends and forecasts.
