Exonmobile On Friday, the production of oil and gas increased, and the price of petroleum prices and a weak purification margin were broken, so the quote for the fourth quarter of the Wall Street was broken.
The profit for the fourth quarter was $ 73.9 billion. According to LSEG data, the profit per share was $ 1.67 and the analyst estimated was $ 1.56.
No. 1 US petroleum producers reported $ 33.46 billion in 2024 years from $ 38.57 billion in the previous year.
After the acquisition of pioneers' natural resources in May in May, the company became the largest oil producer in the Permian basin in 2024.
The low production costs in the basin and the advantageous and advantageous projects in Gaiana have strengthened the company's interests, despite the decline in crude oil prices and the decline in profits to earn fuel.
Earlier this month, the company signaled earlier this month, when the oil refining margin dropped sharply, the profit would be reduced between $ 300 million and $ 700 million compared to the third quarter.
The startup of a new oil refining place by other companies in Asia and Africa has led to an increase in global fuel supply, even if the demand for gasoline and diesel delayed expectations.
In an interview, Exon's highest finance officer, Casslin Micles, is exposed to the pressure as additional supply enters the market in an interview.
“When we are ahead of 2025, it's really what we are watching,” she said.
The company had previously stated that the impairment of the entire business would cost about $ 600 million in the fourth quarter. The claim can be obtained from the sale of non -strategic assets, including a joint venture in Nigeria.
She said that the largest petroleum producer in the United States had been expecting a decision by September in the arbitration challenge against the acquisition of Chevron Oil producer Hess. As Chevron progresses, you will get a foothold in the Gaiana oil project.
The transaction has been approved by the US regulatory authorities, Xon and CNOOC, a partner of Hess of Gaiana Oil Joint Venture, but has the first right to buy Hess's shares.
Shareholders returned through the repurchase and dividends, increasing from $ 32 billion in the previous year to $ 33 billion in 2024. The distribution of shareholders is the basis of the big oil strategy for court investors, subject to a free cash flow of Exon for $ 36.2 billion.
