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@TheBadPlace@mastodon.ozioso.online · 2d ago
Home - CBSNews.com | Exxon Mobil, Chevron earnings fall, but top revenue expectations AI generated summary, Read the full article for complete information. Exxon Mobil and Chevron reported lower profits for the most recent fiscal quarter, citing disruptions from the Iran war, yet both U.S. oil giants exceeded Wall Street’s revenue expectations for the three‑month period ending March 31; CBS News business contributor Javier David provides further details. Read more: https://www.cbsnews.com/video/exxon-mobil-chevron-earnings-fall-but-top-revenue-expectations/ #ExxonMobil #Chevron #WallStreet #JavierDavid #
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@TheBadPlace@mastodon.ozioso.online · 3d ago
PBS NewsHour - The Latest | Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper by Michelle Chapman, Associated Press AI generated summary, Read the full article for complete information. Profit for the two largest U.S. oil companies fell on paper in the first quarter because hedging contracts back‑fired after the U.S. and Israel struck Iran, effectively shutting the Strait of Hormuz and preventing physical oil deliveries; nonetheless, both Exxon Mobil and Chevron posted adjusted earnings that beat Wall Street forecasts, with Exxon reporting $4.18 billion in profit (adjusted to $1.16 per share) and $85.14 billion in revenue, and Chevron earning $2.21 billion (adjusted to $1.41 per share) on $48.61 billion in revenue. The apparent drop reflects one‑time “unfavorable timing effects” of the hedges, not an underlying loss of profitability. The results arrived as U.S. gasoline prices surged to multi‑year highs, pushing inflation and straining households and businesses dependent on fuel. Read more: https://www.pbs.org/newshour/economy/profit-for-the-biggest-u-s-oil-companies-declined-in-1st-quarter-but-only-on-paper #ExxonMobil #Chevron #Iran #HormuzStrait #MiddleEast
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@palmoildetectives@mastodonapp.uk · Apr 09, 2026
EXPOSED: #ExxonMobil, Chevron & Koch paid lobbyists to forge alliances with EU far right to kill #climate laws! 🧐🔥 Democracy is being sold for #fossilfuel greed! 🌴☠️🚫 #ClimateChange #Greenwashing @palmoildetect.bsky.social https://www.desmog.com/2025/12/04/divide-and-conquer-inside-the-oil-and-gas-strategy-to-thwart-eu-green-laws/?utm_source=mastodon&utm_medium=Palm+Oil+Detectives&utm_campaign=publer
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@palmoildetectives@mastodonapp.uk · Mar 28, 2026
EXPOSED: #ExxonMobil, Chevron & Koch paid lobbyists to forge alliances with EU far right to kill #climate laws! 🧐🔥 Democracy is being sold for #fossilfuel greed! 🌴☠️🚫 #ClimateChange #Greenwashing @palmoildetect.bsky.social https://www.desmog.com/2025/12/04/divide-and-conquer-inside-the-oil-and-gas-strategy-to-thwart-eu-green-laws/?utm_source=mastodon&utm_medium=Palm+Oil+Detectives&utm_campaign=publer
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