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30.10.26 - 14:54
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Exxon, Chevron Deliver Big Profits on Strong Refining (Bloomberg)
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Exxon and Chevron shares rose in premarket trading after both companies beat earnings estimates due in part to strong refining margins and higher gas prices. Bloomberg's Kevin Crowley says the oil majors earned a combined $56 billion in the third quarter, the third highest on record. He reports from Houston on "Bloomberg Open Interest." (Source: Bloomberg)...
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30.10.26 - 12:02
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Exxon Mobil Corp. Reports Increase In Q3 Profit (AFX)
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IRVING (dpa-AFX) - Exxon Mobil Corp. (XOM) reported earnings for its third quarter that Increases, from last yearThe company's bottom line came in at $15.413 billion, or $3.72 per share. This comp......
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28.08.26 - 01:42
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Trump Complained About Big Oil Profits, But Dumped Exxon Stock On Ceasefire Day (ZeroHedge)
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Trump Complained About Big Oil Profits, But Dumped Exxon Stock On Ceasefire Day
By Charles Kennedy of OilPrice.com,
President Donald Trump's investment accounts sold between $500,000 and $1 million of ExxonMobil stock on April 7, the same day Trump announced a ceasefire in the Iran war and hours before Exxon shares opened 6.5% lower, according to financial disclosures reviewed by CBS News.
Exxon closed at $163.91 on April 7 before Trump announced the ceasefire that evening and opened at $153.52 the following morning. The transaction was one of hundreds of thousands of dollars in purchases and sales involving Exxon, Chevron, ConocoPhillips and other oil and gas companies during the first half of 2026, according to filings with the Office of Government Ethics as reported by CBS News.
Those trades continued through a war that sent oil prices sharply higher and delivered some of the strongest earnings for U.S. oil majors since 2022. ExxonMobil and Chevron ultimately earned a combined $26.5 bill...
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