Investors had braced themselves for the bad news for Exxon Mobil Corp. and Chevron Corp., and their fears were confirmed on Friday when both power companies reported second-quarter results that showed sharp declining sales and losses amid economic destruction caused by the coronavirus. Exxon XOM, -0.58% reported an adjusted loss …
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Chevron reported a loss of $ 8.3 billion in the second quarter, as the coronavirus pandemic “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids fell more than 60% year-over-year. The oil giant lost $ 1.59 a …
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Carl Court | AFP | fake pictures Oil giant Royal Dutch Shell reported a sharp net loss year-on-year on Thursday after an unprecedented period of turmoil in the energy market and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders based on current …
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Chevron announced Monday that it will buy from independent oil and gas producer Noble Energy, in a move that Chevron CEO Michael Wirth said would be “good business” for shareholders of both companies. “These are high-quality assets at a very fair price,” Wirth said Monday on CNBC’s “Squawk on the …
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Diego J. Robles | The Denver Post | fake pictures The largest oil tanker Chevron said Monday it agreed to buy Noble Energy in a stock deal, valuing the Houston-based oil and gas producer at $ 5 billion. The offer values Noble at $ 10.38 per share or 0.1191 Chevron …
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