2 Oil Giants Buzzing After Earnings
ExxonMobil(XOM) Schaeffers Investment Research·2024-11-01 15:01
Chevron Corp (NYSE:CVX) and Exxon Mobil Corp (NYSE:XOM) just had their turn in the earnings confessional. Both energy names beat analysts' third-quarter earnings and revenue estimates, with the former returning over $7 billion to its shareholders through buybacks and dividends, while the latter had its highest production level in about four decades.CVX was last seen up 3.9% to trade at $154.65, and earlier surged to its highest level since early August. The shares just bounced off a familiar floor at $148 t ...