Exxon and Chevron provide information on low profits when entering for tariffs

The two largest oil companies in the United States have announced the lowest quarter-gains for years, the lowest quarterly gains, the lowest quarterly gains, and the prices of the trade war.

US raw prices are a barrel below $ 60 this week, a threshold that cannot earn money for many companies to drill a new well. Crude oil is now cheap for about $ 20 before Mr. Trump’s office. Not only do not decrease oil, companies pay more for steel and other materials due to the president’s tariffs.

Some companies already have the signs that it is back.

Until last week, the number of drilling wells in the largest US oil field, the largest US oil field, fell 3 percent in one month. The company’s customers have laid the expenses-free expenditures and expend the industry this year, this year, Baker Hughes leaders said last week.

The second largest US oil company Chevron will spend less expensive in 2025 and has not changed its annual production or capital expenditures since today. However, the company said that compared to the first three months of the year, he will be spent on the purchase and sale of sharing in the second quarter.

“We are currently comfortable where we are,” Eimear Bonner, the company’s chief financial employee, said in an interview. “We’ve navigated the cycles before. We know what to do. “

The financial results of Chevron and Exxon Mobile, the largest US company oil and gas company, said that Mr. Trump’s latest in Friday. At the same time, members of the manufacturers who are known as OPECs surprised the market By saying that members will speed up oil pumping plans.

Chevron’s first quarter, more than $ 3.5 billion, missing analytical expectations, as the company earns less for each barrel produced. Low margins in the cleanser also earn a profit.

In the first three months of Exxon in the first three months of the year, the profit of $ 7.7 billion in the profit was shy from the analytical forecasts collected by the fact. Gains fell about 6 percent a year ago.

“In this indefinite market, our shareholders may be confident in order to know that we built for it,” said Darren Woods, Exxon CEO, in the statement.

Chevron’s share price fell more than 2 percent in premarket trade. An increase of about 1 percent of Exxo.

Many of the company’s question will remain about $ 60 or less than $ 60 or less. If it shifts for $ 50, Local production may fall S & P About 8 percent in a year due to global commodity concepts. The United States is the world’s largest oil producer.

Companies cut costs as they expect more clarity to US trade policy, Cosef Esteves, Maine Pointe CEO of the CEO of the Operation and Supply Chain specializes in the problems of the operation and supply chain.

“Mr. Esteves said,” said, “Mr. Esteves said,” no rock was uncovered, no couch cushion. “

Ms. Bonner said Chevron had a “limited direct impact” of tariffs. The company, it is trying to reduce the effects by purchasing the supply of steel.

Chevron can be late Lowers the activity in Venezuela Mr Trump took steps to cancel a bunch of politics that allow more oil to produce more oil in the country. New rules already affect. The company could not load oil to the ships to be exported due to changes to the license.

“We just continue to deal with the lead management.”