Exxon Mobil reported a significant drop in net income to $4.18 billion for Q1 2026, down from $7.71 billion a year earlier, marking its lowest first-quarter profit since 2021. However, adjusted earnings of $1.16 per share and revenue of $85.14 billion beat analyst expectations. The decline was influenced by geopolitical disruptions in the Middle East affecting production and supply chains. Exxon highlighted strong upstream operations, including record production in Guyana and new LNG capacity, while returning $9.2 billion to shareholders through dividends and buybacks.
The U.S. Strategic Petroleum Reserve (SPR) has dropped to its lowest level since 1983, standing at 340.3 million barrels as of June 12. This decline is due to emergency releases aimed at easing oil supply disruptions caused by the Iran war. Despite a...
Oil prices fell below $90 per barrel recently due to optimism over a potential peace deal and reopening of the Strait of Hormuz, easing fears of a price spike. However, oil market dynamics remain complex with inventory depletion and geopolitical risk...
Oil prices dropped to their lowest levels in three months, just above $80 per barrel, following an interim agreement between the US and Iran to reopen the Strait of Hormuz. This deal eases geopolitical tensions that had previously threatened oil supp...
According to insights from CVX and modeling by XOM, the global floating shadow inventory that has masked crude oil deficits is now exhausted. This depletion is expected to cause crude oil prices to surge sharply to $150-$160 per barrel within weeks, ...
The iShares U.S. Energy ETF (IYE) pays quarterly dividends sourced from major U.S. energy companies like Exxon Mobil and Chevron. Its recent yield is about 2%, lower than the 10-year Treasury yield, with total returns driven mainly by capital gains a...
