ExxonMobil and Chevron Post Lower First-Quarter Profits

U.S. energy giants ExxonMobil and Chevron reported significant declines in net profit for the first quarter of 2025. ExxonMobil's net profit fell 46% compared to the same period last year, while Chevron's profit dropped 37%. The decline occurred despite a sharp rise in oil prices due to conflicts in Iran. Both companies were affected by volatility in global energy markets. Despite higher oil prices, narrowing refinery margins and rising operational costs weighed on profitability. Additionally, uncertainty stemming from geopolitical risks negatively impacted the companies' production and investment decisions. Despite the profit declines, ExxonMobil and Chevron have committed to maintaining their dividend payments and share buyback programs. However, investors continue to closely monitor profitability trends in the energy sector. The companies' second-quarter outlook will be shaped by oil price volatility and the global demand outlook. This is not investment advice.

📊 XOM — Piyasa Yorumu

▼ down · 70%

XOM shares fell 2.95% in the last 24 hours, closing at $148.56. While the RSI at 33.7 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Trading below the 20-day and 50-day moving averages ($152.05 and $152.59, respectively) indicates short-term weakness. News headlines confirming a decline in ExxonMobil's first-quarter profit could amplify selling pressure. Therefore, the likelihood of continued downward movement in the near term is high.

RSI 14

33.7

MACD

-1.37

24h Δ

-2.95%

📊 CVX — Piyasa Yorumu

▼ down · 70%

Chevron's first-quarter profit decline further weighs on an already weak technical outlook. The stock closed at $185.13, trading well below its 20-day and 50-day moving averages ($189.74 and $190.39, respectively). While the RSI at 32.9 approaches oversold territory, the MACD line remains below the signal line and in negative territory, indicating continued bearish momentum. In the short term, selling pressure is expected to persist on the profit decline news, with the stock likely testing the $185 support level.

RSI 14

32.9

MACD

-1.74

24h Δ

-2.97%

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