Exxon Mobil reported better-than-expected earnings for Q1 2026, driven by a 17% year-over-year increase in production from its Permian Basin operations and record output in Guyana. The company highlighted geopolitical risks, such as a potential closure of the Strait of Hormuz, which could tighten global oil supply and support high prices. Exxon Mobil also executed $4.9 billion in share buybacks and plans to invest $27–29 billion in capital expenditures in 2026, mainly focusing on expanding Permian production. These factors position Exxon Mobil for continued strong cash flow growth despite ongoing Middle East uncertainties.
Exxon Mobil and Chevron are expected to report second-quarter profits more than triple their first-quarter earnings, driven by rising crude prices and strong refining margins. This surge comes despite President Trump's push to lower gasoline prices a...
ExxonMobil's stock has declined by 13% over the past three months, reflecting volatility in oil prices and valuation concerns. Despite this drop, the stock is approaching oversold levels, suggesting a potential buying opportunity for investors. Stron...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
Exxon Mobil has been upgraded to a Buy rating due to oil inventories in the US and globally hitting multi-decade lows, with the US strategic petroleum reserve now below levels seen during the COVID pandemic. The analyst expects inventory refilling to...
Shell's 2026 LNG Outlook highlights a potential global supply shortfall starting around 2037 due to disruptions like the Strait of Hormuz incident and underinvestment in infrastructure. The report warns of flat or negative LNG trade growth in 2026, t...
