At the same time, the company is facing weak margins in its refining business, which reported a loss in the fourth quarter ...

Chevron will lay off 15% to 20% of its global workforce, the U.S. oil company said on Wednesday during an internal employee town hall meeting, according to a source familiar with the matter. The ...

HOUSTON - Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset ...

By Sheila Dang and Shariq Khan HOUSTON - Big Oil executives this week saw little prospect of a near-term improvement in ...

Annual profits fell, but the oil giants made record distributions to shareholders as production rose to historic levels in ...

Exxon Mobil's (XOM) earnings report exceeded fourth quarter expectations, driven by higher oil (CL=F, BZ=F) and gas (RB=F) ...

Profits for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.

ExxonMobil earned just $4.03 billion in worldwide earnings in its energy products segment compared to $12.14 billion in 2023.

ExxonMobil shares dipped more than 2%, while Chevron’s stock fell 4.5%, reflecting broader market concerns over refining margins and oil price volatility. Both ExxonMobil and Chevron made ...

The refining business remains under ... While the deal has been approved by U.S. regulators, Exxon and China's CNOOC, Hess' partners in the Guyana oil joint venture, say they have a contractual ...