Exxon and Chevron Beat Q3 Estimates as Refining Profits Surge Amid Conflicts
Exxon reported more refining profit than upstream for the first time in years as fuel supply tightened globally.
/ 7 items
#CVX↓
Chevron Hits 6-Year Profit High, Exxon Posts 4-Year Best in Q2 2026
Chevron and ExxonMobil report robust Q2 2026 profits fueled by high oil prices and record production amid Middle East disruptions.
After 6-Year Exit, Berkshire Buys $2.6 Billion Stake in Delta
Berkshire bought a $2.6B stake in Delta again and also took a small new position in Macy’s while reshaping its portfolio in Q1 2026.
Middle East Conflict Hits Travel Stocks Hard, Boosts Defense and Oil
Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Berkshire Hathaway's Last Buffett Quarter: Trims Apple and BofA, Adds New York Times Stake
Berkshire Hathaway, under Warren Buffett's last quarter as CEO, sold big chunks of Bank of America and Apple shares while starting a new stake in The New York Times.
Trump's Venezuela Move Sends US Oil Stocks Soaring
US oil company shares jumped after Trump announced plans to control Venezuela's oil. Chevron, Exxon, and ConocoPhillips lead gains as access to world's largest reserves opens up.