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 ahead of the midterm elections, as fuel prices remain high due to tight inventories and export demand. The White House is scrutinizing the industry for possible price gouging, while oil companies emphasize factors beyond crude costs affect retail prices. Analysts predict these earnings will be the strongest since 2022, with companies focusing on shareholder returns rather than boosting production.
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...
Exxon Mobil maintains a "Buy" rating with a $170 price target, supported by strong Q1 results including $4.2 billion in GAAP earnings and $8.7 billion in cash flow from operations. Despite recent declines in oil prices from highs near $120, Exxon’s d...
