Strive U.S. Energy ETF

Benzingawww.benzinga.com

Exxon Mobil and Marubeni have signed a long-term offtake agreement for low-carbon ammonia from Exxon Mobil's Texas facility. Marubeni will purchase around 250,000 tonnes annually and acquire an ownership stake in the production facility.

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Benzingawww.benzinga.com

Analysts maintain a Buy rating on Chevron despite mixed Q1 earnings, citing the company's strong free cash flow and financial position as key strengths amid macroeconomic concerns in the energy sector.

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Benzingawww.benzinga.com

Exxon Mobil reported steady production in Q1, with a focus on cost cuts and a $20 billion share buyback program. The company's adjusted earnings beat estimates, but revenue missed consensus.

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Benzingawww.benzinga.com

Chevron reported a drop in first-quarter profit due to higher costs and weak international margins. Production was flat year-over-year, but the company returned $6.9 billion to shareholders through dividends and buybacks.

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Benzingawww.benzinga.com

Chevron and TotalEnergies have started oil and gas production from the Ballymore subsea tieback project in the deepwater Gulf of Mexico, targeting 75,000 gross barrels of oil per day and 50 million cubic feet of gas per day. The project marks Chevron's first development in the Norphlet trend and is part of its plan to reach 300,000 net barrels per day of oil equivalent from the Gulf by 2026.

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