Exxon, Chevron Lift Oil Production, Blunting Price Drop
Exxon Mobil Corp. and Chevron Corp. exceeded profit expectations in the last quarter of 2025 due to increased oil production, which helped counteract lower crude prices. Both companies expanded output from key regions, with Exxon reaching a 40-year high in full-year production and Chevron benefiting from its acquisition of Hess Corp. Despite a drop in full-year profit for Exxon due to lower oil prices and increased costs, both companies anticipate continued production growth and profitable strategies moving forward.
https://www.rigzone.com/news/wire/exxon_chevron_lift_oil_production_blunting_price_drop-30-jan-2026-182895-article/