Reported about 12 hours ago
Exxon Mobil's fourth-quarter earnings surpassed expectations, boosted by increased oil and gas production, while Chevron reported its first refining loss since 2020. Analyst Fernando Valle pointed out that Exxon's strong free cash flow and growth potential, particularly from its projects in Guyana and the Permian Basin, set it apart from Chevron, which he believes is struggling with its asset portfolio for future growth.
Source: YAHOO