Locator: 48449BIGOIL.
For me, the big story: CVX.
But there's also XOM: beat estimates. XOM just raised its dividend also. Link here:
Fourth quarter profit was $7.39 billion. Profit per share was $1.67, beating analyst estimates of $1.56, according to LSEG data.
The No. 1 U.S. oil producer reported total earnings of $33.46 billion for full-year 2024, down from $38.57 billion the year earlier.
The company became the largest oil producer in the Permian basin in 2024, the biggest U.S. oilfield, after closing its acquisition of Pioneer Natural Resources in May.
Exxon’s low production costs in the basin and its lucrative and prolific projects in Guyana have bolstered the company’s profits despite lower oil prices and a decline in profits for making fuel.
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CVX
Before we had Amazon, we had Nvidia. Before we had Nvidia, we had AAPL. Before we had AAPL, we had CVX. Everything else was chaff.
Investors don't look back ... they look forward.
Holy mackerel: look at this dividend. Link here.
Announces hike to $1.71. Previously:
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