The translation of the heading to English is: "Oil giants defy price weakness: Quarterly figures impress.

Exxon Mobil and Chevron impress with strong quarterly figures despite falling oil prices. Both American energy companies exceeded analysts’ expectations thanks to increased oil production in the Permian Basin, which offset weaker crude prices. Exxon’s adjusted profit was five cents above estimates, while Chevron performed eleven cents better. In contrast, European competitors such as Shell, TotalEnergies, and BP report mixed results. The declining oil prices since April, which have dropped by 20%, test the major oil companies’ ability to conduct share buybacks as promised. Exxon was able to meet commitments thanks to high cash flow, while Chevron had to rely on credit. On the stock market, Exxon rose by 1.1% and Chevron climbed by 2.5%. This year, Exxon has proven to be the industry leader, with an increase of over 15% despite declining oil prices. By raising its dividend for the 42nd consecutive time to 99 cents per share, Exxon underscores its strength. CFO Kathy Mikells emphasizes that Exxon is capable of fully financing dividends and share buybacks from cash flow without taking on debt. With a cash buffer of $27 billion and a net debt ratio of only 5%, the company is well-prepared for economic challenges. Exxon is dynamically expanding with low-cost oil production in Guyana and the Permian Basin, while exploration projects in Texas, Papua New Guinea, and Mozambique progress. Following the multi-billion-dollar acquisition of Pioneer Natural Resources, Exxon is now the largest producer in the Permian Basin. Chevron, on the other hand, plans to sell assets in Canada, Congo, and Alaska by the end of the year to generate up to $15 billion by 2028. Additionally, costs are to be reduced by up to $3 billion by 2026.