Vitol Group distributed a record $10.6 billion to its executives and senior staff through share buybacks in 2024, reflecting the continued financial benefits commodity traders have reaped amid the ongoing energy crisis. In corporate earnings, Caesars Entertainment reported second-quarter 2025 net revenues of $2.91 billion, slightly exceeding estimates of $2.86 billion, but posted a net loss per share of $0.39 and a same-store adjusted EBITDA of $955 million, marginally below expectations. Chevron Corporation reported second-quarter adjusted earnings per share of $1.77, surpassing estimates of $1.70, with net oil-equivalent production reaching 3.396 million barrels of oil equivalent per day and total revenues of $44.82 billion, beating forecasts. The quarter included a $215 million net loss related to the fair value measurement of Hess. ExxonMobil posted second-quarter net income of $7.08 billion, beating estimates of $6.57 billion, with adjusted earnings per share of $1.64 and revenues of $81.51 billion, surpassing estimates. The company’s strong performance was driven by record upstream production, particularly in the Permian Basin and Guyana, which helped offset lower crude prices. ExxonMobil has returned $18.4 billion to shareholders in 2025, including $9.8 billion in buybacks, and plans future value-driven acquisitions despite losing arbitration with Chevron over Hess’s Guyana stake. Despite these strong quarterly results, both ExxonMobil and Chevron reported profits at their lowest levels in four years.
This guy literally created an agent to replace all his employees https://t.co/nLT6rn1J2I
Hongrie: le maire de Budapest interrogé par la police après la marche des fiertés ➡️ https://t.co/i3eiTDgjSU https://t.co/5inDoYz7il
EXXON & CHEVRON PROFITS DROP TO LOWEST LEVEL IN 4 YEARS: FT