EOG's Q2 earnings beat estimates as higher oil prices and a 24.4% production gain fueled a 57.4% revenue surge and strong free cash flow.
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Gasoline prices are punishing drivers at the pump while a handful of companies are posting the most profitable quarters in their histories, and the structural reason this keeps happening has nothing to do with luck or crude oil prices.
“They ought to give some of that back to the public.”
The S&P 500 Index ($SPX ) (SPY ) today is up +0.73%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.00%. September E-mini S&P futures (ESU26 ) are up +0.72%, and September E-mini Nasdaq futures...
British energy giant BP said Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.Energy majors around the globe are enjoying soaring profits from their trades as oil and gas futures swing between big gains and losses on the latest headlines linked to the Mideast war.
Campaigners have accused the company of being ‘price shock profiteers’ during the conflict.
(Bloomberg) -- BP Plc posted its strongest quarterly profit in more than four years as its refining and trading businesses boomed during the Iran war. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamS&P 500 Closes Near Record High on US-Iran Hopes: Markets WrapMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundAdjusted net incom
Donald Trump said Exxon Mobil and Chevron earned excessive profits as oil prices surged during the Iran war.
ExxonMobil leads this list of reliable dividend stocks, offering investors yields of up to 5.7%.
As stocks pull back from recent highs, lean into these three blue chip dividend stocks.
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 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.
Stock Market Today: The Dow Jones index rises Friday even as Apple dives on a weak sales forecast. Amazon stock surges on earnings.
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.
This oil stock offers an especially attractive risk-reward proposition.
Renewed Middle East fighting lifted crude prices and increased the potential value of major oil producers' future output.
ExxonMobil should report a profit gusher later this week.
Exxon Mobil heads into its July 31 earnings report carrying a streak most energy companies can only dream about, and Wall Street is pricing in a very high chance it gets even better before summer ends.
Oil prices (CL=F, BZ=F) are pulling back as the U.S. and Iran pause military strikes. Tortoise senior portfolio manager & managing director Rob Thummel joins Market Catalysts to discuss the volatility of oil prices and why he sees long-term value in energy stocks.
Despite the futures rebound, retail investors remain cautious. Stocktwits data showed retail sentiment is ‘bearish’ on SPY and QQQ.
HDV quietly stacks a 3.1% income stream on top of equity gains that have left the S&P 500 in the dust this year, but the fund's concentrated sector bets carry a catch that most yield-seekers overlook.
Oil futures contracts surged Thursday amid a 12th night of U.S. attacks and as Houthis threatened a new front in the war.