Chevron climbs after profit beat on record production, Exxon dips as cash flow declines

Shares of Chevron CVX.N up 2.3% at $156.99, while Exxon Mobil's XOM.N stock down 1.1% to $113.45 on Fri after oil majors' qtrly reports

CVX beats Q3 profit on record oil and gas production, boosted by its $55 billion acquisition of Hess, and stronger refining margins

CVX reports Q3 adj. profit of $1.85/shr vs analysts' consensus estimate of $1.68/shr, according to data compiled by LSEG

XOM also surpasses Q3 earnings estimates, underpinned by higher oil and gas production in Guyana and the Permian Basin, which offset lower oil prices

It posts Q3 adj EPS of $1.88, 6 cents above consensus

However, XOM's free cash flow declined by $5 billion to $6.3 billion, pressured by additional acreage acquisitions in the Permian

With the moves on the session, CVX stock up nearly 9% YTD and XOM stock up about 5.5% in 2025

In comparison, S&P 500 Energy sector .SPNY up 2.6% YTD