Chevron Corporation (CVX)
Phillips 66 Says It's The Third-Largest Buyer Of Venezuelan Crude As Trump Blasts Exxon And Chevron
Phillips 66 shares fell 1.7% to $202.39 on Wednesday, its lowest point in three weeks. However, the company's stock has risen 57% since the start of the year, when it traded around $130 per share.
Trump Says Exxon, Chevron Are 'Making Too Much Money'
"They're going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House. -------- More on Bloomberg Television and Markets Like this video?
Trump Blasts Oil Companies For Making “Too Much Money” During Iran Conflict As Chevron and Exxon Profits Skyrocket
The two largest American oil companies just booked a combined $26.5 billion in second-quarter net income, their strongest showing in years, and the president is furious about it.
Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'
Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'
Chevron awards staff special bonus following earnings blowout
Chevron will award employees a special bonus for operational results so far this year, following the U.S. oil producer's record earnings report on Friday that was boosted by high oil prices from the ongoing war in Iran.
Trump Deflects Blame for High Gas Prices, Demands Chevron Lower Costs
High energy prices have become one of the biggest inflation stories of 2026.
CVX Q2 Earnings Call Puts Cost Discipline and Power in Focus
Chevron's Q2 call spotlights early cost cuts, lower capital spending and repeatable power projects alongside global upstream growth options.
ExxonMobil Continues To Lead Over Chevron
ExxonMobil remains the superior investment versus Chevron, driven by robust earnings, cost discipline, and strategic production growth. XOM's Q2 2026 revenue surged 42.3% to $116.02B, with EPS doubling, propelled by higher energy prices and margin expansion despite Middle East volume declines. Management projects $25B earnings and $35B cash flow growth by 2030, underpinned by $20B cost savings and upstream production rising to 5.5M barrels/day.
Chevron: A Top 2026 Pick For A Higher-For-Longer Oil Market
Chevron delivered record Q2 profitability, driven by higher crude prices, production growth, and recent Hess acquisition synergies. CVX achieved $12.1B in earnings (386% YoY growth) and $15.4B in free cash flow, enabling $6.5B in shareholder returns and $8.4B in debt repayment. Permian Basin expansion and international growth, especially in Kazakhstan, underpin the favorable outlook and rising EPS estimates.
Exxon and Chevron are having a ‘very good crisis' reaping massive profits during the Iran war
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world's oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at one point reached $126.The money that oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year.
Supermajor Earnings: Exxon & Chevron's Impact on ETF Market
The two largest U.S. integrated supermajors, Exxon Mobil (XOM) and Chevron (CVX), reported second-quarter profits that surged on rising oil prices due to renewed geopolitical tensions in the Middle East. With these two firms accounting for large allocations in many energy ETFs, their earnings serve as a primary catalyst for the entire energy ETF landscape.
Chevron Q2 Earnings Call Highlights
Chevron NYSE: CVX reported second-quarter 2026 earnings of $12.1 billion, or $6.11 per share, as higher upstream realizations, production volumes and refining margins lifted results. Adjusted earnings were $12 billion, or $6.06 per share, while cash flow from operations excluding working capital totaled nearly $20 billion.
