Previous close | 2.9400 |
Open | 2.9400 |
Bid | 2.6900 |
Ask | 2.8700 |
Strike | 85.00 |
Expiry date | 2025-12-19 |
Day's range | 2.9400 - 2.9400 |
Contract range | N/A |
Volume | |
Open interest | 318 |
Exxon Mobil (XOM) and Chevron (CVX) reported their first quarter earnings, with both companies revealing a fall in revenue for the quarter compared to the same period last year. However, both companies beat Wall Street expectations for revenue for the quarter. Chevron claims the revenue drop is partly due to lower margins on refined product sales. Yahoo Finance Reporter Ines Ferre joins The Morning Brief to analyze the latest developments for these companies and what they mean for the stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Chevron and ExxonMobil are expected to report a year-over-year decline in earnings per share.
Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. Both XOM stock and Chevron stock initially edged lower.