Earnings Slide at Three Big Oil Companies, With Shell an Exception

August 11, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Two U.S.-based integrated supermajor oil companies, Exxon Mobil Corporation (Spring, Texas) and Chevron Corporation (Houston, Texas), reported sharply lower second-quarter earnings resulting from lower oil prices, growing pessimism among consumers and rising economic uncertainties, including the ever-changing global trade and tariff picture. Quarterly profit at London-based supermajor BP also fell, though not as sharply as its U.S. peers. But Shell plc (London, England) bucked the trend, reporting a slight earnings gain compared to year-earlier results. As a group, quarterly profits were down approximately 22%, to $15.6 billion from $19.9 billion in the April-June 2024 period. Other companies featured: EDF Renewables and LS Power Group