What’s News in Earnings: Oil Companies See Mixed Fortunes Under Trump

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  With record levels of dry powder available for investment.

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  Find out what's in store for private markets in 2025 and beyond.

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  Hey, listeners, it's Wednesday, February 19th.

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  I'm Chip Cutter for the Wall Street Journal, and this is what's NEWS in Earnings,

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  our look at the broad themes that stood out in the latest earnings season.

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  Today we're focusing on the energy industry.

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  Oil giants have already watched their annual profits dip as a result of low natural gas prices

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  and lower margins in their oil refining businesses.

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  And now many are trying to prepare for far less favorable market conditions ahead,

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  with some big strategy shifts coming, too.

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  President Trump is looking to slash regulations to help big energy companies,

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  but he also wants to see the price of crude oil fall,

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  an unwelcome prospect for companies such as Exxon and Chevron.

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  How are they responding?

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  Colin Eaton writes about the largest oil companies

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  and global energy issues in the Wall Street Journal's Houston bureau.

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  He joins us now.

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  Hi, Colin.

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  Hi, Chip.

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