Exxon Mobil, Chevron See Another Earnings Dip In Q4 But Report Production Increases
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Chevron and Exxon Mobil both reported early Friday another big quarterly earnings dip in the fourth-quarter even as the two U.S. supermajors increased production and returned more than $20 billion to shareholders in 2024. Exxon Mobil Q4 EPS came in at $1.67, down 33% compared to a year ago, with revenue totaling $83.43 billion, marking a 1% decrease vs. Q4 2023. Ahead of Friday's quarterly report, the analyst consensus estimate had Exxon earnings of $1.55 and revenue hitting $86.33 billion, according to FactSet.
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