Exxon Mobil and Chevron reported sharply lower profits in Q1 compared to last year, despite a 57% surge in oil prices triggered by the Iran war. Both companies faced significant losses from financial hedges that were poorly timed amid the sudden supply disruption, with Exxon losing nearly $4 billion on these trades. However, these impacts are temporary and expected to reverse in future quarters. Both firms still beat Wall Street earnings estimates, with Exxon posting $1.16 adjusted EPS and Chevron $1.41 adjusted EPS, signaling resilience despite the challenges.
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...
