Guyana, Exxon and Permian

Exxon beats Q4 estimates with higher Permian, Guyana output
Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins. Its adjusted profit was $7.39 billion or $1.
Record Permian and Guyana Output Helps Exxon Beat Q4 Earnings Estimates
ExxonMobil reported fourth-quarter earnings that beat analyst expectations, driven by record production in the Permian Basin and Guyana, despite lower refining margins.
ExxonMobil books over $7.3 billion profit on record Permian and Guyana production
Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after maintenance during last quarter. Overall production was just above 4.6 million barrels of oil equivalent per day in the fourth quarter, and 4.3 million boepd for the full year.
Exxon Mobil's strong fourth quarter fueled by rising production in the Permian, Guyana
The results topped Wall Street expectations, though Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts polled by Zacks Investment Research anticipated earnings of $1.
Exxon edges higher as Q4 earnings top consensus; Permian, Guyana production hits record
Exxon Mobil (NYSE:XOM) +0.4% pre-market Friday after reporting Q4 adjusted earnings that were roughly flat compared with the year-earlier quarter but ahead of Wall Street estimates, driven by high-margin projects in the Permian Basin and Guyana.
Chevron targets $10B annual free cash flow growth by 2026, driven by Permian and Gulf of America projects
Q4 2024 Management View CEO Mike Wirth highlighted record global and U.S. production levels for 2024, with Permian production ...
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Basin rig count up five as prices slide
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
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Permian Resources Corp (PR) Stock: Surpassing Expectations in the Market?
Permian Resources Corp (PR) stock saw a decline, ending the day at $14.88 which represents a decrease of $-0.10 or -0.67% from the prior close of $14.98. The stock opened at $15.08 and touched a low ...
Chevron Sees Permian Basin Oil Growth Reaching 10% This Year
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.
Permian Resources: Strong Operational Performance and Strategic Acquisitions Drive Buy Rating
Wells Fargo analyst Hanwen Chang has maintained their bullish stance on PR stock, giving a Buy rating yesterday.Invest with Confidence: Follow ...
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BOYS BASKETBALL: Permian faces OHS for crosstown rivalry part II
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
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Permian Basin Royalty Trust (PBT)
Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of ...
Citi Sticks to Its Buy Rating for Permian Resources (PR)
In a report released today, Paul Diamond CFA from Citi maintained a Buy rating on Permian Resources (PR – Research Report), with a price target ...
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Mergers slow as oilfield picks up steam
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.