ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance economic and environmental priorities.The two petroleum heavyweights which in recent weeks have unveiled large takeovers of midsized fossil fuel players both reported third-quarter profits that were big, but dwarfed by those in the year-ago period.
(Bloomberg) Exxon Mobil Corp. agreed to buy Pioneer Natural Resources Co. for $59.5 billion, the supermajor’s largest takeover in more than two decades, as it seeks to become the dominant producer of shale oil.Most Read from BloombergIsrael Latest: Israeli Death Toll in Hamas Attack Reaches 1,200Hamas Got Around Israel’s Surveillance Prowess by Going DarkIsrael Latest: Top US General Warns Iran to Stay Out of ConflictIsrael Latest: Hezbollah, Israel Trade Fire on Lebanon BorderAfghanistan’s V
Ovintiv Inc (NYSE:OVV), an independent oil and gas producer, has seen a significant surge in its stock price over the past three months. The company's stock price has risen by 26.73%, from $37.71 to $47.77, boosting its market cap to $13.04 billion. This impressive performance is reflected in the company's GF Value, which currently stands at $51.96, down from $56.38 three months ago.
Ovintiv Inc (NYSE:OVV), an independent oil and gas producer, has seen a significant surge in its stock price over the past three months. The company's stock price has risen by 22.92%, from a significantly undervalued position three months ago to a fairly valued position today, according to the GF Value. Ovintiv Inc operates in the oil and gas industry, with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas.