Exxon's quarterly profit more than doubled, but lower production and an earnings miss outweighed stronger oil prices.
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Key takeawaysEuropean benchmark gas prices gained more than 30 per cent in July, ending a three-month losing streak. EU gas storage finished the month at roughly 55 per cent capacity, below historical averages and last year’s level.
The Big Oil giants are taking home near-record profits from high oil and fuel prices worldwide.
Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index rising 0.3% and the St
Oil giants Exxon (XOM) and Chevron (CVX) reported second quarter earnings. Melius Research managing director and head of Energy and Power Research, James West, joins Julie Hyman on Market Catalysts to discuss the state of the oil market, what stood out in the results, and why both companies are prioritizing debt reduction.
ExxonMobil's Q2 results show record Permian output and strong cash flow despite higher expenses and disruptions.
Despite some mid-week turbulence, we're trading fairly even with where we were as of mid-day Monday.
Exxon Mobil (XOM) and Chevron (CVX) on Friday reported year-over-year gains in their second-quarter

Energy titans ExxonMobil (XOM) and Chevron (CVX) both released second quarter earnings results ahead of Friday's market open. Morning Brief Host Julie Hyman is joined by Yahoo Finance Breaking News Reporter Jake Conley and Trustless Media Founder Zack Guzman to help assess both companies' production outlook and how they are managing debt.
Energy stocks were edging higher premarket Friday, with the State Street Energy Select Sector SPDR E
The ETF industry keeps piling on the covered calls and derivative overlays, but three plain-vanilla dividend funds quietly pay over 4 percent by doing something almost radical: just owning stocks and collecting the cash.
US petroleum giants ExxonMobil and Chevron released blowout profits Friday, reflecting a major lift in business conditions from the Middle East war that easily offset negative effects at both companies.But Chevron also experienced some negative impacts from the war, pointing to reduced petroleum output from the "Partitioned Zone" between Saudi Arabia and Kuwait due to the war.
Stock Market Today: The Dow Jones index rises Friday even as Apple dives on a weak sales forecast. Amazon stock surges on earnings.
Chevron saw profits surge in the second quarter on soaring prices for refined products.
Exxon (XOM) delivered earnings and revenue surprises of -4.35% and +21.10%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Adjusted second-quarter earnings of $3.52 a share came in 2 cents below analyst forecasts, with scheduled maintenance limiting fuel-making profits
Investing.com -- ExxonMobil shares slid around 2% in premarket trading Friday after the U.S. energy major reported earnings for the second quarter that missed average analyst forecasts.
ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits driven by the spike in global oil prices unleashed by the US-Iran war.
(Bloomberg) -- ExxonMobil Holdings Corp. is standing by Mideast growth plans despite the Iran conflict that knocked half-a-million barrels of the company’s daily production offline. Most Read from BloombergSingapore's Gated Island for the Rich Is Marred by Decayed HomesChip Stocks Post Biggest Advance Since April 2025: Markets WrapAnthropic AI Models Hacked Three Organizations During TestsUS Strikes Iran Again as Conflict Spreads Across Middle EastMicrosoft’s $450 Billion Jump Is Biggest in Stoc
Integrated energy company ExxonMobil (NYSE:XOM) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 42.3% year on year to $116 billion. Its GAAP profit of $3.48 per share was 2.7% below analysts’ consensus estimates.
ExxonMobil’s earnings doubled and Chevron posted its highest quarterly earnings on record as energy prices soared during the prolonged closure of the Strait of Hormuz.
↗️ SK Hynix (KR:000660), Samsung (KR:005930): Shares of both chipmakers surged over 25% in Asian trading, staging a strong recovery after a turbulent week. Peers Marvell (MRVL), Intel (INTC), Micron (MU), also moved higher.
US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump's worries about upcoming midterm elections.Lowering gasoline prices before November is high on Trump's priority list, prompting numerous White House meetings, according to US media reports.

Asking for a Trend Host Josh Lipton previews what investors should be on the lookout for on Friday, July 31, including earnings from energy giants Exxon (XOM), Chevron (CVX), and biopharma AbbVie (ABBV) as well as the latest read on consumer sentiment.