All articles tagged with #exxonmobil
Trump criticizes oil majors for ‘making too much money’ from market disruption tied to his Iran war, pointing to ExxonMobil and Chevron’s record quarterly profits, while the briefing also covers tariffs on imports, an ICE detention death, a controversial Parti/Blanche- Pirro leadership moment, a urged censure for Rep. Chuck Edwards, and other US and global briefings.
President Trump criticized ExxonMobil and Chevron for earning 'too much money' from rising crude prices tied to the Iran war, calling for price cuts as the companies posted large quarterly profits (Chevron up ~400% to $12B; Exxon $14.5B). Oil and gasoline prices have climbed, and shares moved as markets weighed the conflict and potential talks.
Geopolitical tensions have pushed oil prices higher and lifted earnings for energy majors like ExxonMobil, Chevron, and Valero, with oil ETFs and energy funds outperforming. However, analysts warn these gains are largely driven by geopolitics and may be short-lived, advising buy-and-hold investors to favor diversified, lower-cost energy exposures rather than try to time oil swings, while noting potential opportunities in natural gas, energy infrastructure, and uranium-related ETFs.
ExxonMobil and Chevron posted strong Q2 results as higher oil prices and Middle East disruption lifted profits; Chevron reported net income of $12B and adjusted EPS of $6.06, beating estimates, while Exxon earned about $14.5B with adjusted EPS of $3.52, missing by 8 cents due to refining-market volatility; both posted significant gains in upstream and refining segments, with production up and crude prices averaging around $92/bbl in Q2.
ExxonMobil and Chevron posted a combined $26.5 billion in Q2 profits as higher crude prices and near-capacity refining boosted earnings, with Chevron earning $12.2 billion and Exxon $14.5 billion and U.S. output and refining runs hitting records. Geopolitics—the Iran war and Hormuz disruptions—kept crude prices elevated and pressured gasoline and diesel markets. Trump criticized the windfall and pressed for lower fuel costs, while DOJ price-gouging scrutiny and talk of export bans loom; Chevron cautions that export limits could dampen investment and future supply.
In a 6-3 decision, the Supreme Court ruled ExxonMobil can sue Cuban state‑owned companies in U.S. courts over assets seized after Fidel Castro’s rise, invoking Helms‑Burton and signaling greater leverage over Cuba amid the embargo.
Global oil inventories are nearing critically low levels, making a spike to $150–160 per barrel plausible in the coming weeks, according to Exxon Mobil’s Neil Chapman, who says we could be approaching “unheard of inventory levels” with a two-to-four week window to see really tight stocks. While prices have been hovering in the $90s, disruptions around the Strait of Hormuz and ongoing supply concerns could drive crude higher, though OPEC+ decisions and demand shifts could temper the move. The piece also suggests hedging risk by owning energy names such as Occidental Petroleum or Exxon Mobil amid potential volatility and inflationary pressure from higher oil prices.
ExxonMobil shareholders approved moving the company’s legal domicile from New Jersey to Texas, aligning its legal home with its Texas-based operations to capitalize on a more business-friendly regulatory climate. The board-backed relocation faced warnings from advisory firms that it could hinder shareholder lawsuits, and underscores Texas’s growing appeal as a domicile for major companies (Exxon has a large Texas presence and about 75% of U.S. employees there).
Exxon Mobil and Chevron posted lower first-quarter profits despite oil prices surging, citing timing effects and Middle East supply disruptions. Exxon earned $4.2B (down about 46% YoY) and Chevron $2.2B (down about 37%), though both beat expectations. Excluding timing effects, Exxon’s profit would be about $8.8B, with roughly $3B of timing headwinds at Chevron. The market remains hopeful that profits will lift as disruptions ease and prices stay elevated.
ExxonMobil and Chevron posted weaker first‑quarter profits despite rising crude and gasoline prices, as hedging backfired and one‑time timing effects dented results. Exxon earned about $4.18 billion ($1 per share) but took roughly a $4 billion hit from hedge timing, while revenue topped expectations. Chevron reported $2.21 billion in quarterly profit with adjusted EPS of $1.41, beating forecasts, though GAAP results were affected by a $360 million net loss from a legal reserve and currency effects. Production slipped to about 4.6 million oil‑equivalent barrels per day, and the near‑closure of the Strait of Hormuz limited the benefits of higher prices.
ExxonMobil and Chevron refused to shift their prewar production plans despite White House calls to boost drilling amid a global energy crunch from Middle East tensions; they say their strategy remains focused on growing free cash flow rather than production. In Q1, profits fell due to hedge losses, though refinery runs stay high and production gains from Hess integration and Permian output are being pursued within their long-term plans.
ExxonMobil topped Q1 estimates with adjusted earnings of $4.9 billion ($1.16 per share) as higher oil prices boosted profits even though output fell about 6% quarter-over-quarter to 4.6 million oil-equivalent barrels per day due to Middle East disruptions and maintenance. Revenue rose to $85.14 billion, aided by strong refining and trading, with a quarterly Guyana production record (>900,000 gross bpd) helping offset weaker Middle East volumes. The company highlighted gains from outside the region via Guyana and the Permian while noting hedging losses of about $700 million tied to Middle East disruptions.
ExxonMobil and Chevron both reported falling first-quarter profits (Exxon net income $4.2B, down 46% YoY; Chevron $2.2B, down 37%) due to hedging losses as oil prices rose amid the Iran conflict. However, analysts expect a sharp earnings rebound later in 2026, with Exxon Q2 profits anticipated to more than double and full-year up about 46%, and Chevron Q2 profits expected to triple with a roughly 56% annual rise, supported by higher oil prices and elevated fuel costs while geopolitical tensions keep markets volatile.
Geopolitical shocks have knocked out roughly a third of global helium supply, driving up prices for ultra-high-purity gas essential to semiconductor manufacturing. ExxonMobil’s Shute Creek gas plant in Wyoming now stands as a major helium supplier (about 20% of global supply) with long-run reserves, giving the company a potential margin tailwind as chipmakers like TSMC, Samsung, and SK Hynix rely on helium. The upgrade in helium pricing could boost Exxon’s cash flow and dividend appeal, making it a safer play than pure helium peers. Investors are cautioned to consider a position on dips (e.g., below about $165) as the shortage unfolds.
Oil prices jump above $100 amid the Iran conflict, but energy shares are not keeping pace, suggesting investors doubt that crude’s spike will be sustained. Major producers with Middle East exposure face near‑term earnings risks from disruption, while a prolonged Strait shutdown could boost cash flow—yet many traders remain wary of pricing in such a scenario given potential price reversals if tensions ease.