Archive · 1 Aug 2025
Exxon Mobil Q2 Profit Dips, Beating Expectations
Oil companies like Exxon and Chevron made less money in the second quarter.
This is because the price of oil went down.
Even though they made less money than last year, they still made more money than some people thought they would.
Oil companies are also selling more oil, which could lower the price of gas.
The companies said they're doing well even though things are changing in the world.
Exxon Mobil's Q2 profit decreased to a four-year low due to falling oil prices.
Exxon's earnings per share were $1.64, exceeding Wall Street expectations.
Revenue for Exxon fell to $81.51 billion, missing analysts' estimates.
Chevron also reported a four-year low in Q2 profit, but beat expectations.
OPEC plans to increase oil production in August, potentially reducing prices.
- Who
- Exxon Mobil and Chevron.
- What
- Exxon Mobil and Chevron's profits decreased in Q2 due to lower oil prices.
- When
- The second quarter, ended June 30.
- Where
- New York.
- Why
- Oil prices slumped and OPEC ramped up production.
Company Performance
Market Reaction
Financial Results
Company Performance
Lower profits and revenue for the quarter.
Market Reaction
Despite the dip, profits beat expectations set by Wall Street.
- Exxon Q2 Profit
- $7.08 billion
- Exxon Earnings Per Share
- $1.64
- Exxon Revenue
- $81.51 billion
- Chevron Q2 Profit
- $2.49 billion
- Chevron Earnings Per Share
- $1.45
- Chevron Revenue
- $44.82 billion
- OPEC Production Increase
- 548,000 barrels per day