Story perspectives

Exxon Surges Past Estimates; Chevron Struggles Post-Acquisition

8/18/2025

39 9

Summary

Story summary

Exxon Mobil Corp. achieved Q2 revenue of $81.51 billion, exceeding estimates, and aims for 2.3 million barrels of oil equivalent (boe) daily production by 2030. The company returned $4.3 billion in dividends and $4.8 billion in buybacks. Morningstar set a $135 price target for Exxon.
Chevron Corp. reported Q2 revenue of $44.82 billion, falling short of estimates. The company completed a $55 billion acquisition of Hess and raised its 2026 free cash flow guidance to $12.5 billion, anticipating $1 billion in annual synergies.

1 of 1

Story summary

Exxon Mobil Corp. achieved Q2 revenue of $81.51 billion, exceeding estimates, and aims for 2.3 million barrels of oil equivalent (boe) daily production by 2030. The company returned $4.3 billion in dividends and $4.8 billion in buybacks. Morningstar set a $135 price target for Exxon.
Chevron Corp. reported Q2 revenue of $44.82 billion, falling short of estimates. The company completed a $55 billion acquisition of Hess and raised its 2026 free cash flow guidance to $12.5 billion, anticipating $1 billion in annual synergies.