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Exxon Mobil Corporation XOM has a strong presence in offshore ... suggesting a surge from the current 1.6 MMBoE/D. Like XOM, ...
Chevron Corporation’s CVX LNG business is a key part of its strategy, anchored by the company's large projects in Australia ...
Algeria is close to finalizing a deal with Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) to tap its vast natural gas reserves ...
CVX and Exxon Mobil approach major shale gas deals in Algeria, aiming to boost output, strengthen Europe's energy security ...
Chevron plans to merge the Hess exploration team with its own to "challenge some of our conventional thinking" and make new ...
Algeria is nearing final agreements with Exxon and Chevron to explore and invest in its shale gas resources, aiming to significantly boost its gas pipeline and LNG exports.
When playing catch up, picking up the pace may not be enough. One also has to hope rivals don't accelerate. Just ask Europe’s ...
ExxonMobil reported net income declined 23% year-over-year to $7.08 billion, and it was down 44% to $2.49 billion for Chevron ...
Reserve-wise, Exxon also closed the year ahead with 14.6 billion barrels of net proved reserves, while Chevron's net proved reserve capacity stood at 11.4 billion barrels.
5. The long-term future Both Chevron and Exxon have largely decided to stick to their knitting in the oil and natural gas space, preferring to tiptoe into the clean energy area.
Chevron's spending needs aren't quite as material. So the pair have switched places. Chevron's debt to equity ratio, at 0.35% or so, is now lower than Exxon's roughly 0.4 times.
Excluding dividends, Chevron stock has outperformed ExxonMobil's 54% to -4.6% over the last 10 years against the S&P 500's 181%, a small victory for Chevron despite the more important ...