Exxon Mobil and Chevron, two of the world’s largest oil producers, reported weaker third-quarter results on Friday as lower crude prices and rising expenses dented profitability. Despite the downturn, both companies reaffirmed plans to ramp up production, betting on long-term demand resilience even as global oil prices hover near $60 a barrel.Exxon posts lower profit but maintains aggressive production growth Exxon’s quarterly profit fell 12% year-on-year to $7.5 billion, or $1.76 per share, missing analysts’ expectations of $1.82 per share, according to FactSet....
Tuesday 4 November 2025
wn.com - 4 days ago
Exxon and Chevron profits dip as oil prices slide
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