Exxon focused on growing the business via exploration and MCPs. Chevron can’t even meet analyst earnings even when we are in cash harvest mode (look at our reserve replacement ratio in 2024, yikes).
God I can’t wait until MKW gets canned after Hess falls through.
Chevron doesn't subscribe to this point of view.
Exxon Mobil will bury you.
Believe me when I say to you
I hope Chevron Leadership loves your children too.
MW is scared to invest billions in exploration
takes time to reflect the earnings $$$ of exploration in our share price and dun wanna end up another spending wormhole such as Australia and Khazan - long term cure
share buyback and dividends handout is much faster and easier - short term band-aid
Company run by mo--ns. Focused on everything except what will actually work.
Our ship is definitely rudderless….
Yeahh.. for those paying attention.. XOM reported 0.8 billion in structural cost reductions during Q4 2024… we’re gonna do 2 in two years.. almost laughable how publicly we’ve given up.. steer titanic towards iceberg let’s goooo