Exxon

Trump is demanding Exxon and Chevron reduce gas prices, citing soaring profits linked to the Iran war. The International Energy Agency has labeled the Strait of Hormuz disruption as the largest supply disruption in global oil market history.

Rising petrol prices are straining US households, particularly low-income families who spend over 10 percent of their monthly income on fuel. Oil companies Chevron and Exxon are experiencing increased profits amid the price surge.

Exxon and Chevron reported their largest profits in years, with oil reporter Mitchell Ferman analyzing why US gasoline prices remain high. The article highlights the connection between conflict and increased profits for major oil companies.

Trump criticized Exxon and Chevron for profiting from high oil prices caused by the U.S. and Israel's attack on Iran. U.S. crude oil prices rose about 20% following the February 28 attack.

The U.S. Department of Energy faces criticism for delays in finalizing oil deals with American companies in Venezuela, despite President Trump's January promise to rapidly rebuild the country's oil industry. No new petroleum agreements have been completed eight months later, with industry insiders and officials citing internal divisions within the administration and the oil sector as obstacles.

Energy companies Exxon and Chevron are earning significant profits as rising energy prices result from conflict between the US and Iran. The increased profits are attributed to the ongoing US-Iran conflict driving up energy prices.

Chevron and Exxon reported significant earnings increases as President Trump threatened potential price interventions. The companies' rising profits coincide with heightened political scrutiny ahead of the US midterm elections.

Eco Atlantic and Navitas anticipate a new Orinduik block licence in Guyana by Q3 2026, offering a non-Exxon opportunity adjacent to Stabroek. The decision marks a strategic move away from Exxon's dominance in Guyana's oil sector.

The article argues the United States has failed to achieve its political objectives in the war with Iran, resulting in a worsened regional situation, including the closure of the Strait of Hormuz and increased energy crisis risks. It criticizes the lack of a viable military solution and urges a focus on managing the conflict's economic and strategic consequences.

Analysts report a $6.7 billion discrepancy in Guyana’s oil revenue, citing Exxon’s cost recovery figures implying at least $68 billion in revenue compared to the Bank of Guyana’s reported $51 billion. The gap arises from Exxon’s stated $51 billion cost recovery and the contract’s 75% ceiling, which suggests higher revenue than the central bank’s records.

Darren Woods has emerged as the most powerful oil industry chief executive by challenging corporate power limits. The article highlights his rise in the oil sector.

Guyana has nearly repaid Exxon's costs for seven oil projects, marking a turning point that could grant it half the profits. Potential delays due to ring-fencing might affect this outcome.

The Supreme Court ruled in favor of Exxon in a lawsuit against three Cuban government-owned companies, which Exxon accused of exploiting its seized refineries and service stations without compensation.

Exxon is studying potential takeover targets, including Woodside Energy. Woodside's new CEO faces a decision on continuing large liquefied natural gas projects amid forecasts of market oversupply and lower prices.

Jimmie James, one of eight kids born out of wedlock, rose from poverty to become a retired Exxon executive and achieved the American dream by providing a richer life for his children.

Oil prices increased following strikes between the US and Iran, with Iran threatening to close the Strait of Hormuz. An Exxon executive warned that oil inventories could reach unprecedented lows due to escalating Middle East tensions.

Exxon’s reincorporation is highlighted as a success for Texan business, adding to the state’s reputation. The article frames this move as a positive development for Texas.

Oil prices fell and stocks rose due to optimism about a potential US-Iran deal, but analysts warned of ongoing energy market challenges, including low oil inventories and high insurance rates for ships in the Strait of Hormuz.

Exxon executive Neil Chapman warned that oil inventories will reach all-time lows in weeks, causing physical Brent oil cargo prices to surge to $150–$160 per barrel.

The Federal Reserve's preferred inflation gauge shows rising prices driven by ongoing conflicts, with gasoline prices highlighted as a key factor. AAA projects a record 45 million travelers for the Memorial Day weekend, indicating sustained demand despite economic pressures.

US oil companies are increasing drilling activity in response to the Iran conflict and rising oil prices, with smaller independent producers like Diamondback Energy accelerating capital expenditures while major companies like Exxon and Chevron remain cautious. The number of active hydraulic fracturing spreads has jumped 20% in the Permian Basin, positioning the US to reach record production above 14 million barrels per day this year.

Exxon's dividend has decreased significantly and an solution is proposed to address this issue. The article discusses the current state of Exxon's dividend payments. A potential fix is suggested to improve the situation.

President Donald Trump is considering making Venezuela a 51st state of the US, motivated by its estimated $40 trillion in oil reserves. Trump has been courting oil companies to invest in Venezuela following the removal of President Nicolas Maduro from power. The plan would require congressional approval and consent from Venezuela.

SpaceX is preparing for an initial public offering (IPO) and Linde has been referred to as the Exxon of space. This event may have significant implications for the space industry. SpaceX's IPO is expected to be a major event.

Exxon and Chevron have benefited less from the Iran war compared to their European rivals, indicating uneven prosperity among oil giants. The situation suggests that the conflict has had varying impacts on major oil companies. This disparity may be due to differences in business strategies or market influences.

US gasoline prices have reached $4.50, nearing an all-time high due to a fuel crunch in Iran. The price increase is affecting gas stations across the US, including Exxon. This surge in prices may lead to increased economic concerns.

Exxon CEO Darren Woods expressed a positive outlook on Venezuela, marking a shift from earlier criticisms. The change in stance highlights potential strategic interests in the country's oil sector.

BP Plc has surpassed Exxon to become the leading big-oil stock amid the Iran war, with a gas station in Pretoria, South Africa, serving as an example of its operations.

The U.S. Supreme Court ruled in favor of oil and gas companies in Louisiana, shifting environmental lawsuits over coastal land loss to federal court. The decision, backed by the Trump administration, allows companies like Chevron to litigate claims related to wartime aviation fuel production. Louisiana's coastal parishes have lost significant land due to oil and gas infrastructure, but the state plans to continue its legal efforts.

Dow Inc. and Exxon are raising plastic prices amid turmoil in the oil market caused by the Iran war. Jim Fitterling, Dow's CEO, discussed these developments at the CERAWeek by S&P Global conference.

The article reports that the Iran War is negatively impacting profits of oil companies Exxon and Chevron despite rising oil prices. A Chevron Refinery in El Segundo, California, is highlighted as part of the context.

Oil prices dropped sharply following news of an Iran ceasefire, potentially leading to lower gas prices in the U.S. The article highlights gas prices exceeding $5 per gallon at an Exxon station in Washington, DC on March 31, 2026.