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Chevron, ExxonMobil and 1980s oil glut

Chevron beats Wall Street estimates, expects Hess deal to boost earnings by year end

Chevron second-quarter earnings took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major's net income declined 43% to $2.49 billion, or $1.45 per share,

Investopedia on MSN · 9h

ExxonMobil, Chevron Profits Slump on Falling Oil Prices

Key Takeaways ExxonMobil and Chevron reported much lower second-quarter profits as the price of oil slumped.Adjusted earnings for both oil giants beat estimates, but Chevron missed revenue forecasts.Chevron's results were impacted by a loss in the fair market price of shares of Hess,

Reuters · 1d

Exxon, Chevron profits to drop to lowest point since pandemic, analysts say

Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue.

1hon MSN

Chevron targets $12.5B free cash flow in 2026 with Hess integration and cost reductions

Chevron's Q2 2025 earnings call highlights record Permian production, Hess merger synergies, and $12.5B free cash flow guidance for 2026.

2hon MSN

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 ...

14d

Chevron closes Hess acquisition after winning Exxon legal battle

Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon ...

3don MSN

John Hess to buy iconic toy trucks from Chevron after takeover

John Hess plans to buy back his family’s iconic toy truck business next year from Chevron after the oil giant bought his ...

14d

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Upstream Online13h

Chevron output and Hess merger help outshine expectations

Chief executive Mike Wirth applauds company's 'continued strong execution, record production, and exceptional cash generation ...

5don MSN

Chevron Overcomes ExxonMobil to Acquire Hess. Which High-Yield Energy Stock Is the Better Buy Now?

ExxonMobil and Chevron have become much stronger and balanced companies over the years. The former's corporate plan through ...

9don MSN

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce ...

14don MSN

Chevron, Hess complete $53B merger after arbitration win

A critical ruling gave Chevron the go-ahead for a $53 billion acquisition of Hess, access to one of the biggest oil finds of ...

Hess Midstream (HESM) Q2 EPS Jumps 25%

Key Points Earnings per share (GAAP) for Q2 2025 exceeded expectations at $0.74, compared to the estimated $0.65. Revenue (GAAP) grew 13.3% compared with Q2 2024, supported by higher throughput and ...

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