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ExxonMobil, Chevron Top Profit Estimates

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ExxonMobil (XOM) reported better first-quarter results than analysts expected Friday, while rival Chevron (CVX) beat profit estimates but fell just short of revenue forecasts.

ExxonMobil posted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.76 on revenue that was roughly flat year-over-year at $83.13 billion. An💮alysts surveyed by Visible Alpha had projected $1.75 and $78.33 billion, respectively.

ExxonMobil said it produced 4.6 million 澳洲幸运5开奖号码💮历史查询:barrels of oil equivalent per day ඣ(BOE/D) during the quarter, matching the consensus estimate of 4.6 million BOE/D. 澳洲幸运5开奖号码历史查询:Last quarter, ExxonMobil's mark of 4.6 million BOE/D put it at 4.3 million BOE/D for the year, its highest average producti𓃲on in a decade.

Rival Chevron posted adjusted EPS of $2.18, revenue of ꩵ$47.61 billion, and production of 3.35 million BOE/D. Analysts had expected $2.14, $47.88 billion, an♍d 3.3 million BOE/D, respectively.

Chevron also plans to buy back significantly less stock in the second quarter than it did in Q1 amid falling oil prices. It projects repurchases between $2.5 billion and $3 billion in the current quarter, down from $3.9 billion in the first. The company said its full-year outlook of $10 billion to $20 billion in buybacks remains intact.

ExxonMobil shares were little changed and Chevron shares edged higher and in recent trading. The stocks entered the day down roughly 2% and 6%, respectively, since the start o𝓰f the year.

UPDATE—This article has been updated with the latest share price information.

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