Today, two American oil giants, namely Chevron and ExxonMobil, released their results for the last quarter. It turned out that in both cases the revenue grew and exceeded expectations, while the situation was different in the field of profits.
In the second quarter of this year, ExxonMobil's revenue reached 93.06 billion. dollars, and it was expected to amount to an average of 90.99 billion. dollars. Net profit amounted to 9.571 billion. dollars or 2.14 dollars per share (expected 2.01 dollars). Compared to the same period a year ago, it was 12.2 and 17.4 percent more, respectively.
In total, after the first half of this year, the income of this company reaches 176.143 billion. dollars, while during the same period in 2023 it amounted to 169.478 billion. dollars. Net profit fell from 19.996 to 18.137 billion. dollars.
Chevron's revenue last quarter was $51.181 billion. dollars, or about five percent more than a year ago in the same period, while net profit shrank 26.1 percent to 4.443 billion. dollars or up to 2.43 dollars per share. Adjusted earnings per share were $2.55, compared with expectations of $2.93 on average, on revenue of $50.8 billion. dollars.
During the first half of 2024, the revenue of this oil giant reached 99.897 billion. dollars, while a year ago it amounted to 99.689 billion. dollars. Net profit fell from 12.613 to 9.994 billion. dollars.
ExxonMobil's share price has risen 14.3 percent since the beginning of this year, and 11.1 percent over the past one year. Chevron's market value rose 2.1 percent and fell 4.5 percent, respectively.
