Exxon Mobil recently increased its dividend to $1.03 per share quarterly, continuing a 43-year streak of growth, even as oil prices briefly fell below $58 per barrel. The company reported strong Q2 2026 results with $14.5 billion in earnings and over $17 billion in free cash flow, enabling $9 billion returned to shareholders and significant debt reduction. Exxon’s cost savings and profitable projects like Guyana and the Permian Basin support its confidence in doubling free cash flow by 2030, suggesting dividend safety despite oil price volatility. Investors will watch the next dividend announcement for signs of further increases or buybacks.
FuelCell Energy's stock fell 13% following its fiscal Q3 2026 report, which showed a wider loss and a $17 million charge related to product costs and pricing issues with Fit Energy. Revenue dropped 29% year-over-year to $33 million, missing expectati...
Energy stocks like Chevron, Exxon, Halliburton, and Occidental Petroleum gained as oil prices jumped 3% due to renewed Iran-US conflict, raising supply risk concerns. Simultaneously, President Trump announced a US deal to control over 65 billion barr...
The US and Venezuela have agreed to jointly develop 17 untapped oil fields through a new company called NABEP, aiming for a production target of 1.5 million barrels per day over 25 years. The US will hold a 55% stake in this venture, securing a strat...
The leveraged energy ETF Direxion Daily Energy Bull 2X Shares (ERX) aims to deliver twice the daily return of the Energy Select Sector Index, which is heavily weighted in major U.S. energy companies like Exxon Mobil and Chevron. In 2026, ERX returned...
Shares of Chevron and Exxon Mobil rose about 3% following renewed US military strikes on Iran, which pushed WTI crude oil prices to $86 per barrel. The geopolitical tensions around the Strait of Hormuz, a key shipping route for crude and LNG, have in...
