ExxonMobil profits up after pioneer deal, Chevron earnings dip

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Exxonmobil

US oil and gas giant ExxonMobil reported higher profits on Friday as it pointed to the benefits of its acquisition of Pioneer Natural

Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil…

The petroleum heavyweight pointed to a lift in output from the Permian Basin following the Pioneer deal, which has also put the company on track for higher capital spending this year. Upstream profits fell somewhat compared to the year-ago period, with Chevron citing downtime in Australia and an exit from Myanmar, offsetting higher volumes in the United States.

Chevron, which had previously hoped for the arbitration hearing in 2024, “had expected and requested that this hearing be held earlier, but the arbitrators’ common schedules did not make this possible,” the company said in a securities filing. Resources, while earnings at rival Chevron dipped on lower refining results. ExxonMobil rode the contribution from Pioneer, a big player in the Permian Basin in Texas and New Mexico, to record oil…

There were burnt tires and woods across major streets in the aftermath of the #EndBadGovernance protest that hit major parts of the Federal Capital Territory during the first day of the protest, Wednesday, in Abuja. The burnt tires were seen on the Kubwa-Zuba Expressway and along Dutse-Bwari Road up to a major junction leading…

 

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