Chevron Beats Earnings Expectations. The Stock Is Falling. -- Barrons.com
Exxon Beats Profit Estimate as Pioneer Acquisition Fuels 20% Production Boost
Chevron Will Reduce Stock Buybacks, and Shares Are Dropping -- Barrons.com
Oil prices plunged, but Exxon Mobil (XOM.US) Q1 performance met expectations, maintaining a commitment to a $20 billion Share Buyback.
Exxon Mobil achieved profit expectations due to increased output from low-cost projects. Despite the recent decline in crude oil prices, the company is still able to maintain its share buyback program. In the first quarter, the company repurchased shares worth $4.8 billion, consistent with its buyback pace aimed at $20 billion annually by 2026.
4 Stocks to Watch on Friday: XOM, CVX, AMGN and TTWO
Chevron (CVX.US) Q1 profit exceeded expectations, plans to reduce Share Buyback.
In the first quarter, Chevron (CVX.US) reported an adjusted EPS of $2.18, surpassing the analysts' average expectation of $2.10 per share.
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Ttowbin23 : we are still sucking oil for energy uses
105232125 : doubtful