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Chevron, ExxonMobil and 1980s oil glut

Chevron beats Wall Street estimates, expects Hess deal to boost earnings by year end

Chevron second-quarter earnings took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major's net income declined 43% to $2.49 billion, or $1.45 per share,

Investopedia on MSN · 10h

ExxonMobil, Chevron Profits Slump on Falling Oil Prices

Key Takeaways ExxonMobil and Chevron reported much lower second-quarter profits as the price of oil slumped.Adjusted earnings for both oil giants beat estimates, but Chevron missed revenue forecasts.Chevron's results were impacted by a loss in the fair market price of shares of Hess,

Reuters · 1d

Exxon, Chevron profits to drop to lowest point since pandemic, analysts say

Top U.S. oil producers Exxon Mobil and Chevron are expected to report their lowest earnings in four years when they release second-quarter results on Friday, as weaker oil and gas prices slashed revenue.

2hon MSN

Chevron targets $12.5B free cash flow in 2026 with Hess integration and cost reductions

Chevron's Q2 2025 earnings call highlights record Permian production, Hess merger synergies, and $12.5B free cash flow guidance for 2026.

3hon MSN

Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian

The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers in the booming Permian ...

14d

Chevron’s megadeal for Hess gets approval after winning legal battle with Exxon

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

14d

Chevron closes Hess acquisition after winning Exxon legal battle

Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon ...

3don MSN

John Hess officially joins Chevron board following merger

Chevron appointed John Hess, CEO of Hess Corp. during 1995-2025 and Chairman in 1995-2013, to its board of directors.

5don MSN

Chevron Overcomes ExxonMobil to Acquire Hess. Which High-Yield Energy Stock Is the Better Buy Now?

ExxonMobil and Chevron have become much stronger and balanced companies over the years. The former's corporate plan through ...

9don MSN

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce ...

Upstream Online14h

Chevron output and Hess merger help outshine expectations

Chief executive Mike Wirth applauds company's 'continued strong execution, record production, and exceptional cash generation ...

Click2Houston8d

‘Difficult decisions’: Chevron to layoff more than 500 employees in Houston following Hess merger

Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, ...

14don MSN

Chevron prevails over Exxon in Hess megamerger, and it matters for Chevron’s stock

The conclusion of the saga removes a stock overhang for Chevron and paved the way for the $53 billion deal to close ...

2don MSN

Hess is now owned by Chevron, but Hess toy trucks will remain owned by the Hess family

Hess and the toy trucks have been linked together for decades—and they’re popular enough that when the merger was Chevron was ...

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