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Oil majors Chevron, Exxon, and Occidental surge on strong earnings and rising oil prices in 2026.

Market News
10 Aug 2026
24/7 Wall Street
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Bullish
Oil majors Chevron, Exxon, and Occidental surge on strong earnings and rising oil prices in 2026.

In 2026, oil prices have been volatile, with Brent crude spiking to $138 per barrel before settling near $89. This price movement has boosted major U.S. oil companies: Chevron, Exxon Mobil, and Occidental Petroleum, all of which have beaten earnings expectations with strong production and strategic investments. Chevron aims for $225 per share, Exxon for $180, and Occidental for $75, supported by commodity tailwinds, LNG expansion, and significant buybacks and debt reduction. Despite risks like OPEC quotas and geopolitical tensions, these companies are positioned for potential gains in 2027, continuing their strong multi-year performance.

More News (CVX)

Trump expects Iran war to end post-midterms, oil prices to drop; tensions remain high with attacks on Saudi pipeline.

Trump expects Iran war to end post-midterms, oil prices to drop; tensions remain high with attacks on Saudi pipeline.

President Donald Trump predicted the Iran war will end shortly after the November mid-term elections, expecting oil prices to fall sharply afterward. Despite a recent pullback, oil prices surged above $100 a barrel amid ongoing regional tensions, inc...

Market News
Bearish
4 hours ago
SCHD ETF's 3% yield masks a $216K decade-long return gap vs. S&P 500 index.

SCHD ETF's 3% yield masks a $216K decade-long return gap vs. S&P 500 index.

Investors in the Schwab U.S. Dividend Equity ETF (SCHD) who reinvested dividends over the past decade earned about $1.03 million from a $300,000 investment, trailing the S&P 500 index's $1.25 million by over $216,000. Despite a low expense ratio of 0...

Market News
Bearish
20 hours ago
Chevron's 2027 EPS may be underestimated due to higher oil prices amid US-Iran tensions, signaling a $50+ stock rally.

Chevron's 2027 EPS may be underestimated due to higher oil prices amid US-Iran tensions, signaling a $50+ stock rally.

Ongoing US-Iran conflicts and recent earnings reports suggest that current oil price forecasts are too low, with prices potentially averaging $100 by 2027 instead of the predicted $74-$85 range. This could cause Chevron's 2027 earnings per share (EPS...

Analyst Insights
Bullish
22 hours ago
US-backed oil deals aim to boost Venezuela's production above 2 million barrels per day soon.

US-backed oil deals aim to boost Venezuela's production above 2 million barrels per day soon.

The US has signed multiple oil deals with Venezuela involving Chevron, NABEP, and other firms to increase Venezuela's oil production, which had collapsed under past regimes. These agreements aim to raise output above 2 million barrels per day and ens...

Market News
Bullish
1 day ago
SCHD ETF reshuffle adds semiconductors and oil, changing dividend portfolio for retirees.

SCHD ETF reshuffle adds semiconductors and oil, changing dividend portfolio for retirees.

The Schwab U.S. Dividend Equity ETF (SCHD) underwent its annual March reconstitution, replacing 22 stocks with 25 new ones, notably increasing holdings in semiconductors and energy sectors. This reshuffle altered the dividend profile and sector expos...

Market News
Neutral
1 day ago
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