Investors Greet Big Oil Earnings with Mixed Sentiments

February 13, 2025--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Investors had mixed reactions when four integrated supermajor oil companies reported fourth-quarter and full-year 2024 results in recent weeks. Fourth-quarter earnings beat estimates for Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), but investors sold the stock anyway when the company released results January 31. Chevron Corporation (NYSE:CVX) (Houston, Texas) increased quarterly earnings compared to year-earlier results, but investors also sold on the announcement. A near-doubling of fourth-quarter earnings at Shell plc (NYSE:SHEL) (London, England) led to an increase in stock price the day the company announced results. Investors effectively shrugged when BP plc (NYSE:BP) (London, England) reported heavy losses February 11.