Exxon says it’s well-positioned to handle impact of tariffs, as it grows production by 20% Oil major doesn’t see a material impact to its development
- Thread starter Earl
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BartenderElite
Verified User
Yes, don’t you wish that you were an oligarch?
BartenderElite
Verified User
Nah.
But, I'm for working people.
Thanks for being so candid and letting us know that you only care about the wealthiest of the wealthy.
De nada.
If you were for working people, you wouldn’t have supported the vegetable who opened the border to allow illegals to take working people’s jobs.
BartenderElite
Verified User
Oh - you're pretending to care about working people now?
Here’s what I posted:
If you were for working people, you wouldn’t have supported the vegetable who opened the border to allow illegals to take working people’s jobs.
I indicated that you don’t care about working people.
I voted for the working men’s and women’s president, President Trump.
Exxon says it’s well-positioned to handle impact of tariffs, as it grows production by 20%
Oil major doesn’t see a material impact to its development plans despite tariffs
By
Steve Gelsi
Last Updated: May 2, 2025 at 12:03 p.m. ET
First Published: May 2, 2025 at 6:51 a.m. ET
Exxon says it's well-positioned to handle impact of tariffs, as it grows production by 20%
Exxon says it's well-positioned to handle impact of tariffs, as it grows production by 20%
Provided by Dow Jones May 2, 2025 12:03pm
By Steve Gelsi
Oil major doesn't see a material impact to its development plans despite tariffs
Exxon Mobil Corp. Chief Executive Darren Woods said the oil company currently doesn't see a material impact from tariffs on its project-development efforts, as it narrowly topped analyst estimates for first-quarter profit and grew its production.
Exxon Mobil (XOM) has launched a "full-court effort" to manage the impact of tariffs, which have contributed to economic uncertainty, caused "significant volatility" and raised the prospects of slower growth, Woods said on the company's quarterly conference call with analysts.
"We're seeing significant downward pressure on prices and margins in this environment, [and] it's more important than ever to focus on what we can control," Woods said.
So far, Exxon has seen nothing that would lead it to change its project portfolio or the expected returns associated with them, Woods said.
After announcing a series of tariffs in April, President Donald Trump suspended many of those levies for 90 days to allow more time for trade negotiations.
The Trump administration, as well as other governments around the globe, are aware of the role that oil and gas play in economic growth and have a mutual interest in resolving tariff issues, Woods said.
"It's still early days, but I have a lot of confidence that the organization has got a lot of levers to pull," Woods said. "I would also tell you that I think there is a sensitivity by the Trump administration and other governments around the world to to not severely impact the energy sector and the products that we produce."
In its first-quarter results, Exxon reported that production increased 20% to 4.55 million oil-equivalent barrels a day, with a boost of 767,000 barrels attributed largely to the company's $60 billion acquisition of Pioneer Natural Resources, which closed in May 2024.
Most products will go up maybe 15%, or they will easily eat the tariffs without any price increases; they already have large markups. As soon as customers stop buying junk at inflated prices the prices will fall back or they will have to start running clearance sales at 50% off, same as always.
lol you vermin love referring to working class people as trailer trash and 'Natzess n stuff' and uneducated cretins. Go fuck yourself and your silly two-faced bullshit.
Counties here in Texas with 90%+ hispanic populations went Republican. These gimps have zero clue as to whose jobs get taken by illegals. They don't give a shit either, they just hate Whitey and hope to fuck over working people as much as possible; they despise working people of all colors, same as the commies in the teachers' unions and colleges. They're sociopaths.
BartenderElite
Verified User
And then you said you don't care about smaller companies.
BartenderElite
Verified User
Can you find a post where I referred to working class people like that?
And, btw - it's your friend Earl, who you felt compelled to defend, who mocks uber drivers and receptionists on here every day.
Agreed, my esposa is Latina and she said the Latin community here turned out in large numbers for President Trump.
I don’t care about small or large companies. They don’t need my concern. They can take care of themselves.
BartenderElite
Verified User
Working class people work for the kinds of companies you said you don't care about.
More importantly, I don’t care about your concern about anything.
You and the far left loons are now irrelevant.
Your ideology was rejected by the voters. Your party is toxic.
Do better.
BartenderElite
Verified User
Trump has the lowest approval rating in decades at this point in a Presidency.
American voters realize their mistake. We're all good.
Is he still the POTUS?
Think long term, it takes time to recover from the catastrophe that the vegetable left behind.
BartenderElite
Verified User
'26 is just around the corner.
Looking forward to it.
By then, much of the damage done by the vegetable wil have been cleared.
Four Democratic Senators retiring, more will be leaving.