Heard on the Street: It will take more than just happy shareholders to keep U.S. oil majors’ momentum going
U.S. gas prices have hit a record high and are showing no signs of going down. That’s largely because oil companies are no longer incentivized to drill more as oil prices rise. WSJ’s Dion Rabouin explains. Photo composite: Ryan Trefes, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Now, the company is on a broader charm offensive.in the second quarter
, the highest since 2008 and roughly $900 million more than analysts polled by Visible Alpha had expected. Its peer Chevron generated $10.6 billion of free cash flow, exceeding analyst estimates by more than $1 billion. The oil supermajors’ share prices jumped roughly 5% and 9%, respectively.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil companies Exxon, Chevron, Shell rake in unprecedented profits | AutoblogOil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.
Baca lebih lajut »
U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacksThe two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp , posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.
Baca lebih lajut »
Exxon, Chevron & Shell Report Record Profits as Americans Struggle With High Fuel CostsOil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.
Baca lebih lajut »
U.S. oil giants Exxon, Chevron post blowout earnings, ramp up buybacksThe two largest U.S. oil companies, Exxon Mobil and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier. All four have ramped up share buybacks in recent months, capitalizing on high margins derived from selling oil and gas. Exxon outpaced its rivals with second-quarter net income of $17.9 billion, several billion dollars ahead of its previous record reached in 2012, which was aided by asset sales in Japan.
Baca lebih lajut »
Biden takes COVID-19 victory lap, and shot at Trump, after negative testPresident Joe Biden touted his administration's handling of the pandemic in remarks delivered hours after he tested negative for COVID-19, ending a five-day isolation period.
Baca lebih lajut »
The world’s biggest oil companies start reporting second quarter profits this week. Here are three things to watch forThe world’s biggest oil companies begin reporting their second quarter profits this week, and it’s expected to be another multibillion dollar three-month haul for the majors.
Baca lebih lajut »