Exxon Mobil reported a strong Q2 2026 with profits surging to $14.5 billion, more than double the previous year, driven by higher oil prices and improved refining margins amid geopolitical tensions. However, adjusted earnings per share came in at $3.52, slightly below analyst expectations of $3.60. Revenue exceeded estimates at $114.53 billion, helping offset concerns about the EPS miss. The company maintains a healthy financial position with low debt and solid liquidity, but investor focus remains on whether the profit growth can be sustained amid ongoing market volatility.
ExxonMobil and Chevron reported significant profit increases in Q2 driven by higher oil prices linked to the Iran war. Chevron's net income jumped nearly 400% to $12 billion, surpassing earnings expectations, while ExxonMobil doubled its profits to $...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
