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

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Vanguard Energy ETF rises 18.4% amid oil price surge and geopolitical risks, rated cautious Hold.

Vanguard Energy ETF rises 18.4% amid oil price surge and geopolitical risks, rated cautious Hold.

The Vanguard Energy ETF (VDE) has gained 18.4% since mid-June 2026, driven by rising oil prices and geopolitical tensions disrupting supply. Key holdings like Exxon Mobil and Chevron benefit from favorable U.S. energy policies and supply challenges. ...

Market News
Bullish
4 days ago
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