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Exxon, Chevron top Q3 profit expectations as US oil output hits record high

WRAPUP 1-Exxon, Chevron top Q3 profit expectations as US oil output hits record high Exxon profits down 5% yr/yr, Chevron's off 21% on weak refining But US oil majors outrun European rivals that bet on renewables Oil output gains set to be tested by slowing demand growth Adds graphic, updates shares in paragraph nine By Shariq Khan NEW YORK, Nov 1 (Reuters) - U.S.
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US oil and gas rig count unchanged this week, Baker Hughes says

US oil and gas rig count unchanged this week, Baker Hughes says By Scott DiSavino Nov 1 (Reuters) - U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held at 585 to Nov.
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Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales

US STOCKS-Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com leaps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Indexes up: Dow 1.13%, S&P 500 0.90%, Nasdaq 1.23% Updated at 12:05 p.m.
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Venezuela's oil exports hit a 4-year peak on higher output, sales to US, India

Venezuela's oil exports hit a 4-year peak on higher output, sales to US, India By Marianna Parraga and Mircely Guanipa HOUSTON/MARACAY, Nov 1 (Reuters) - Venezuela's oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA.
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Oil glut renders industry’s appeal purely relative

BREAKINGVIEWS-Oil glut renders industry’s appeal purely relative The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Nov 1 (Reuters Breakingviews) - When there’s excess oil, as is the case today, it’s easier to pick a winner. Exxon Mobil’s XOM.N balance sheet and diversification make it appealing, but only on a relative basis.
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Chevron CEO Wirth says move from California to Texas not a threat to cost reductions

BRIEF-Chevron CEO Wirth says move from California to Texas not a threat to cost reductions Nov 1 (Reuters) - Chevron Corp CVX.N : CHEVRON CEO MIKE WIRTH SAYS WE HAVE ADVANTAGED INVENTORY WITH AROUND 75% LOCATIONS AT A BREAK EVEN OR BELOW $50: CONF CALL CHEVRON SAYS WE WILL SEE SHUTDOWN AT PASADENA REFINERY IN CURRENT QUARTER: CONF CALL CHEVRON'S CAPITAL SPENDING IN PERMIAN SHALE BASIN WILL LIKELY PEAK THIS YEAR, SAYS CEO WIRTH HESS DEAL CLOSING CONDITIONS REQUIRES END TO ARBITRATION, SAYS CEO WI
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Stocks to watch as White House race enters final stretch

UPDATE 1-Stocks to watch as White House race enters final stretch Adds hyperlinks in paragraphs 4 and 32 By Ankika Biswas, Pranav Kashyap Nov 1 (Reuters) - Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.
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Chevron Corp reports results for the quarter ended in September 30 - Earnings Summary

Chevron Corp reports results for the quarter ended in September 30 - Earnings Summary Chevron Corp CVX.N reported quarterly adjusted earnings of $2.51​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.05. The mean expectation of eighteen analysts for the quarter was for earnings of $2.42 per share.
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Chevron Corp reports results for the quarter ended in September 30 - Earnings Summary

Chevron Corp reports results for the quarter ended in September 30 - Earnings Summary Chevron Corp CVX.N reported quarterly adjusted earnings of $2.51​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.05. The mean expectation of eighteen analysts for the quarter was for earnings of $2.42 per share.
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Harris vs Trump: Stocks to watch as White House race enters final stretch

Harris vs Trump: Stocks to watch as White House race enters final stretch By Ankika Biswas and Pranav Kashyap Nov 1 (Reuters) - Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.
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Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales

US STOCKS-Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Indexes up: Dow 0.74%, S&P 500 0.76%, Nasdaq 1.05% Updated at 10:01 a.m.
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Exxon, Chevron top Q3 profit expectations on record high oil output

CORRECTED-Exxon, Chevron top Q3 profit expectations on record high oil output Corrects Chevron production in fourth bullet and paragraph five to 3.36 million boepd (not 1.61 million boepd Exxon's Q3 profits down 5% yr/yr, Chevron's off 21% on weak refining margins But US oil majors outrun European rivals that bet on renewables Exxon Q3 output soars over 24% yr/yr to record 4.6 million boepd Chevron Q3 output jumps 7% yr/yr to 3.36 million boepd Oil increases set to be tested by slowing demand, O
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Chevron rises on Q3 profit beat

BUZZ-Chevron rises on Q3 profit beat Updates ** Energy major Chevron CVX.N rises 3 .9 % to $154 .56 ** Co beats Wall Street expectations for Q3 profit, helped by higher production including record output in Permian ** Q3 adj profit of $2.51/share surpasses analysts' estimates of $2.42/share, according to data compiled by LSEG ** Co says net product
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Exxon Mobil climbs as Q3 profit beats on rising production

BUZZ-Exxon Mobil climbs as Q3 profit beats on rising production Updates ** Shares of U.S. oil major Exxon Mobil XOM.N rise 0.6% to $117.52 in morning trading ** XOM beats Q3 profit estimates, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources ** Q3 profit of $1.92 per shar
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U.S. STOCKS Wayfair, B. Riley, Church & Dwight

BUZZ-U.S. STOCKS ON THE MOVE-Wayfair, B. Riley, Church & Dwight Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock futures rose on Friday, buoyed by strong Amazon results offsetting the previous session's tech selloff, with investors awaiting nonfarm payrolls data for insights on the Federal Reserve's key policy rate trajectory.
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Wall St set to climb as Amazon offsets dismal jobs growth, Apple sales

US STOCKS-Wall St set to climb as Amazon offsets dismal jobs growth, Apple sales Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Dow, S&P 500, Nasdaq futures up about 0.5% Updated at 8:52 a.m. ET/1252 GMT By Lisa Pauline Mattackal Nov 1 (Reuters) - Stock indexes were poised for a higher open on Friday, as Amazon's strong earnings mitigated Apple's weaker China sales and investors weighed a sharp reduction in U.S.
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U.S. STOCKS Intel, Abbott, Boeing

BUZZ-U.S. STOCKS ON THE MOVE-Intel, Abbott, Boeing Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures slightly pared gains on Friday after job additions in October were much lower than estimated, while the unemployment rate remained steady.
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Imperial Oil's third-quarter profit beats on higher production

UPDATE 2-Imperial Oil's third-quarter profit beats on higher production Adds background and details on results in paragraphs 2-5 Nov 1 (Reuters) - Canada's Imperial Oil IMO.TO reported a third-quarter profit ahead of analysts' estimates as higher production offset weakness in its refining business, sending the company's U.S.-listed shares up 1.5% before the bell on Friday.
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Exxon Mobil climbs as Q3 profit beats on rising production

BUZZ-Exxon Mobil climbs as Q3 profit beats on rising production Updates ** Shares of U.S. oil major Exxon Mobil XOM.N rise 1.9% to $118.95 in premarket trading ** XOM beats Q3 profit estimates, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources ** Q3 profit of $1.92 per sh
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Futures rise as Amazon earnings lift sentiment ahead of jobs data

US STOCKS-Futures rise as Amazon earnings lift sentiment ahead of jobs data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results Nonfarm payrolls due at 8:30 a.m. ET Futures up: Dow 0.33%, S&P 500 0.35%, Nasdaq 0.41% Updated at 7:11 a.m.
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