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.
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...
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...
