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.
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Sable Offshore Shares Collapse Amid Heavy Dilution Fears Following $400 Million Raise
Sable Offshore shares plunged to a record low after announcing a $400 million equity and convertible notes offering to refinance Exxon debt. Heavy dilution fears trigger massive sell-off.
Woodside Energy Emerges as Prime Target in Exxon’s LNG Expansion Push
Exxon Mobil is studying a potential takeover of Australian LNG giant Woodside Energy to expand its liquefied natural gas portfolio and strengthen its position in Asia.
ExxonMobil Profit Falls to a 5-Year Low — but Adjusted Results Beat Expectations
Exxon beat forecasts, but profit fell due to Middle East issues. Strong US output helped offset losses; cash returns to shareholders stayed high.
Exxon Mobil Loses 6% of Global Q1 Production as Middle East War Hits Qatar LNG Trains
Exxon Mobil says Middle East conflict cut 6% output; LNG damage hits supply, but higher prices may boost profits later.
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.