U.S. Movers: Berkshire Hathaway, Chevron, Exxon Mobil, Terex, T. Rowe

  • Scott Peters
  • U.S.A. New York City
  • May 5, 2025
  • Berkshire Hathaway posted sharply lower earnings in the first quarter. Chevron and Exxon Mobil reported mixed quarterly results. T. Rowe’s revenue edged up, but profit plunged. Terex issued positive guidance despite the fall in earnings.

    Berkshire Hathaway Inc. advanced 1.8% to $539.80 after the diversified conglomerate with businesses in insurance, freight rail transportation, and utility sectors reported first-quarter 2025 results.

    Revenue edged down to $89.72 billion from $89.87 billion, net earnings plunged to $4.60 billion from $12.70 billion, and earnings per share fell to $2.13 from $5.88 a year ago.

    Exxon Mobil Corp. eased 0.06% to $106.15 after the energy company reported first-quarter 2025 results.

    Revenue edged up to $83.13 billion from $83.08 billion, net income declined to $7.71 billion from $8.22 billion, and diluted earnings per share fell to $1.76 from $2.06 a year ago.

    Cash flow from operating activities was $13.0 billion, and free cash flow was $8.8 billion.

    During the quarter, the company returned $9.1 billion to shareholders, of which $4.3 billion was in dividends and $4.8 billion in share repurchases.

    “This year, we're starting up 10 advantaged projects that are expected to generate more than $3 billion of earnings in 2026 at constant prices and margins,” the company said in a release to investors.

    Exxon proposed a second-quarter dividend of 99 cents per share, payable on June 10 to shareholders on record as of May 15.

    Chevron Corp. eased 0.07% to $138.40 after the energy company reported first-quarter 2025 results.

    Revenue declined to $47.61 billion from $48.72 billion, net income plunged to $3.50 billion from $5.50 billion, and diluted earnings per share fell to $2.00 from $2.97 a year ago.

    “Included in the quarter was a net loss of $175 million related to legal reserves and a tax charge due to changes in the energy profits levy in the United Kingdom that were partially offset by the fair value measurement of Hess Corporation shares,” the company said in a release to investors.

    Foreign currency effects decreased earnings by $138 million, the company added in the statement.

    Over the last three years, Chevron has returned more than $78 billion of cash to shareholders, and during the first quarter, the company returned $6.9 billion of cash, including share repurchases of $3.9 billion and dividends of $3.0 billion.

    The energy company proposed a quarterly dividend of $1.71 per share, payable on June 10 to stockholders on record as of May 19.

    T. Rowe Price Group Inc. inched down 0.05% to $91.60 after the investment management company reported first-quarter 2025 results.

    Revenue edged up to $1.76 billion from $1.75 billion, net income declined to $490.5 million from $573.8 million, and diluted earnings per share fell to $2.15 from $2.49 a year ago.

    Quarter-end assets under management increased 1.6% to $1.57 trillion from $1.54 trillion a year earlier.

    The company returned $506 million to shareholders in the quarter from the recurring quarterly dividend and stock repurchases.

    Terex Corp. traded flat at $39.83 after the industrial equipment provider reported first-quarter 2025 results.

    Net sales declined to $1.23 billion from $1.29 billion, operating profit plunged to $111 million from $163 million, and earnings per share fell to 83 cents from $1.74 a year ago.

    The company guided fiscal 2025 net sales to range between $5.30 billion and $5.50 billion, compared to $5.13 billion in 2024, and earnings per share to be between $4.70 and $5.10, compared to $4.96 a year earlier.

Annual Returns

Company Ticker 2025 2024 2023
Berkshire Hathaway Inc.B BRK-B -1% 27% 19%
Chevron Corporation CVX 3% -4% -12%
Exxon Mobil Corporation XOM 1% 6% -6%
Terex Corporation TEX -2% -21% 31%
T Rowe Price Group Inc TROW -2% 8% -11%