Stock Movers: Exxon Mobil, Chevron, T. Rowe Price

Scott Peters
04 Aug, 2025
New York City

Exxon Mobil Corp. declined 1.8% to $109.64 despite the energy company reporting a 23% plunge in quarterly profit from a year ago.

Revenue inched down to $81.5 billion from $93.1 billion, net income dropped to $7.1 billion from $9.2 billion, and diluted earnings per share fell to $1.64 from $2.14 a year ago.

For the six-month period, revenue decreased to $164.6 billion from $176.1 billion, net income declined to $148 billion from $174.6 billion, and diluted earnings per share edged down to $3.40 from $4.20 a year ago.

Cash flow from operating activities was $11.5 billion, and free cash flow was $5.4 billion.

The company expects full-year cash capital expenditures of $27 billion to $29 billion.

In the quarter, shareholder distributions totaled $9.2 billion, including $4.3 billion through dividends and $5.0 billion of share repurchases, and the company plan to complete $20 billion of stock repurchase this year.

The company has repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May of 2024.

Exxon declared a third-quarter dividend of $0.99 per share, payable on September 10 to shareholders on record on August 15.

Chevron Corp. fell 0.2% to $151.40 after the energy company reported a decline in earnings in the June quarter.

Revenue decreased to $44.8 billion from $51.2 billion, net income dropped to $2.5 billion from $4.4 billion, and diluted earnings per share fell to $1.45 from $2.43 a year ago.

For the six-month period, revenue decreased to $92.4 billion from $99.9 billion, net income declined to $60.3 billion from $99.4 billion, and diluted earnings per share edged down to $3.45 from $5.40 a year ago.

The company returned $5.5 billion of cash to shareholders during the quarter, including share repurchases of $2.6 billion and dividends of $2.9 billion.

The company's board declared a dividend of $1.77 per share, payable on September 10 to shareholders on record on August 19.

The company achieved record production levels of one million barrels of oil equivalent (BOE) per day in the Permian Basin and closed the acquisition of Hess Corporation in July, enhancing the company’s asset portfolio and long-term growth potential.

T. Rowe Price Group Inc. gained 1.6% to $103.06 after the investment management company reported mixed quarterly results.

Revenue decreased to $1.72 billion from $1.73 billion, net income jumped to $556 million from $485.3 million, and diluted earnings per share declined to $2.24 from $2.26 a year ago.

For the six-month period, revenue advanced to $3,487 million from $3,483 million, net income fell to $1.06 billion from $1.08 billion, and diluted earnings per share edged down to $4.47 from $4.64 a year ago.

T. Rowe announced preliminary month-end assets under management of $1.68 trillion as of June 30, 2025.

Shareholder distributions totaled $395 million, including dividends and share repurchases.