Exxon Mobil

Trump stated that oil supermajors are making too much money. He specifically accused both Exxon Mobil and Chevron of generating excessive profits. This financial windfall is reportedly fueling fresh political and environmental backlash.

The White House is expected to extend the Jones Act waiver to reduce gas prices amid the US-Israeli war on Iran. The waiver, which allows non-US ships to transport cargo between US ports, aims to alleviate shipping bottlenecks and lower transport costs. President Trump has criticized oil companies like Exxon Mobil and Chevron for profiting from rising prices.

Big oil companies are reporting record profits due to rising oil prices driven by conflict in Iran, with European firms earning $22 billion in Q1 and U.S. companies like Exxon Mobil and Chevron nearly doubling or quadrupling profits. The situation has caused fuel shortages in parts of Asia and higher energy costs globally, prompting criticism from U.S. President Donald Trump.

Big oil companies in Europe, the Middle East, and the U.S. report record profits amid rising oil prices driven by conflict in Iran and disruptions at the Strait of Hormuz. U.S. President Donald Trump criticized Chevron and Exxon Mobil for their high profits, while oil prices recently declined following speculation of a potential resolution to the Iran conflict.

Big oil companies in Europe, the Middle East, and the U.S. are reporting record profits amid rising oil prices driven by conflict in Iran and disruptions at the Strait of Hormuz. Companies like BP, Saudi Aramco, Exxon Mobil, and Chevron saw significant profit increases, while President Donald Trump criticized energy firms for high profits despite falling oil prices.

Colorado Attorney General Phil Weiser and attorneys general from other Democratic-led states urged the U.S. Supreme Court to let state courts handle a climate change lawsuit filed by Boulder and San Miguel counties against Suncor Energy and Exxon Mobil. The companies argue federal environmental law shields them from state claims, but the Colorado Supreme Court previously ruled local governments can pursue such cases in state court. The attorneys general emphasized the importance of state courts resolving the merits of the case before the Supreme Court intervenes.

President Donald Trump criticized Chevron and Exxon Mobil for earning excessive profits due to high oil prices. He framed the issue amid a 'last chance' for an Iran war deal.

President Donald Trump criticized Chevron and Exxon Mobil for earning excessive profits due to high oil prices, amid a last chance for an Iran war deal.

President Donald Trump criticized Chevron and Exxon Mobil for earning excessive profits due to high oil prices. He described the situation as a 'last chance' for an Iran war deal.

President Donald Trump criticized oil companies Chevron and Exxon Mobil for earning excessive profits due to high oil prices. He made the remarks amid a 'last chance' for an Iran war deal.

President Donald Trump criticized Exxon Mobil and Chevron for high profits amid rising gasoline prices, urging them to lower retail prices. The companies' recent strong earnings, driven by supply disruptions and high crude prices, have drawn scrutiny as the administration faces pressure to address fuel costs before midterm elections. Chevron and Exxon executives warned that refining capacity shortages may keep prices elevated through fall.

US President Donald Trump criticized Chevron and Exxon Mobil for profiting from high oil prices caused by a crude shortage linked to the Iran war, urging the industry to lower fuel prices. Trump stated, 'I don't like it. They're making too much money, okay? Based on a shortage, they're making too much money.'

Exxon Mobil and Chevron reported significant profit increases in the second quarter, with Exxon Mobil doubling its profits to $14.53 billion and Chevron nearly quadrupling its profits to $12.07 billion. The rise in profits is attributed to U.S. and Iran tensions driving energy prices higher.

Chevron's profits nearly quadrupled to $12.07 billion in the second quarter, while U.S.-Iran tensions disrupted oil shipments through the Strait of Hormuz, causing global fuel price spikes and shortages. Exxon Mobil also doubled its profits to $14.53 billion during the same period as Brent crude prices surged to over $100 a barrel.

Major U.S. oil companies like Exxon Mobil and Chevron reported record profits in Q2 as U.S.-Iran tensions disrupted oil shipments through the Strait of Hormuz, driving global crude prices above $100 per barrel. The conflict caused fuel shortages and price hikes worldwide, prompting lawmakers to propose a windfall tax on oil companies' 2026+ profits.

American oil companies Exxon Mobil and Chevron reported significant profit increases during the spring as U.S.-Iran tensions disrupted oil shipments and global fuel prices surged. The conflict, which blocked shipping through the Strait of Hormuz, drove Brent crude prices above $100 a barrel, leading to higher revenues for major oil producers.

Oil companies are expected to report large profits due to the U.S.-Iran conflict, which disrupted oil shipments through the Strait of Hormuz and drove up global fuel prices. Prices for Brent crude surged to over $126 per barrel, and lawmakers have proposed taxing oil companies' war-related profits.

Misti Leon sued Exxon Mobil, BP, Chevron, Shell, and other oil companies for wrongful death, alleging their climate change deception contributed to her mother's death during a 2021 heatwave in Washington state. A King County judge denied the companies' motion to dismiss the case, signaling its legal viability amid growing climate litigation nationwide.

Exxon Mobil Corp. can pursue negligence claims against Chevron, TotalEnergies, contractors, and pipeline operators over contaminated crude oil delivered to its Baton Rouge refinery in 2025. The oil, from the Anchor Project, had abnormal impurities that damaged equipment and mixed with clean crude. A judge rejected motions to dismiss claims, citing unresolved factual questions about liability.

Climate activists, including Kert Davies of the Climate Investigations Center, were hacked in 2016 after attempting to hold Exxon Mobil accountable for climate change. Phishing emails led to the exposure of meeting details, which Exxon used in legal defenses against subpoenas and lawsuits.

Air Products canceled its $8 billion Louisiana Clean Energy Complex and carbon storage project due to political opposition and public distrust. The company will record a $2.2 billion loss, and analysts suggest the cancellation may signal broader challenges for CO2 storage initiatives.

Major banks are increasing financing for fossil fuel expansion and petrochemical projects, abandoning climate commitments. Reports show $508 billion in 2025 for fossil fuel development and $252 billion for petrochemical activities since 2019, enabling the industry’s shift to plastics and fertilizers.

Exxon Mobil Corp's top US gas trader is leaving to join Expand as exits affect the oil giant.

Tech shares surged in Japan and South Korea, driven by strong earnings from Qualcomm and Micron Technology, lifting global markets. Oil prices declined amid U.S.-Iran war negotiations, while tech-related indices like the Nikkei 225 and Kospi hit record highs.

Tech shares in Asia surged, led by gains in Japanese and South Korean chipmakers following strong earnings from U.S. companies like Qualcomm and Micron Technology. Oil prices fell as U.S.-Iran negotiations progressed, while Asian stock indices like the Nikkei 225 and Kospi hit record highs.

US stocks showed mixed performance as tech companies like Nvidia and Micron declined, while the Dow Jones rose. Oil prices continued falling amid US-Iran war negotiations, and homebuilders gained after favorable legislation. Treasury yields eased, reducing pressure on stocks.

The Supreme Court ruled that Exxon Mobil's lawsuit against Cuban state-owned companies over confiscated assets can proceed, citing the Helms-Burton Act as overriding foreign sovereign immunity. The majority, led by Justice Brett Kavanaugh, argued that the Helms-Burton Act eliminates immunity for Cuban entities trafficking in confiscated property, while dissenting justices questioned the clarity of congressional intent in the law.

West Texas gas prices have risen above zero for the first time in four months. Exxon Mobil Corp. operates oil drilling rigs in the Permian Basin, a major shale region spanning Texas and New Mexico.

The Iran war has boosted U.S. oil producers and refiners, with stock prices rising 20%-70% this year due to higher crude prices and demand. Analysts suggest elevated prices may persist through 2027-2028, driven by global reserve rebuilding and geopolitical shifts. Companies like Chevron, Exxon Mobil, and U.S. shale producers have seen significant gains.

SpaceX is now valued at $2.1 trillion after its stock surged 19.2% in its Wall Street debut. The company's inclusion in major stock indexes could impact 401(k) accounts, as index funds—which outperform actively managed funds—track these benchmarks. Nasdaq recently adjusted rules to allow large companies like SpaceX into its Nasdaq 100 index faster than before.

SpaceX's stock debut on Wall Street increased its valuation to $2.1 trillion, potentially impacting stock indexes and 401(k) investments as index funds grow in popularity over actively managed funds.

Exxon Mobil and Chevron reported lower profits due to Iran war disruptions but exceeded revenue expectations for Q1. Both companies' earnings fell, yet their revenue surpassed Wall Street projections for the period ending March 31.

Former oil and gas industry leaders, including executives from BP and Shell, warn the Albanese government that fast-tracking fossil fuel projects could lead to higher energy costs and ongoing price shocks for Australians. They advocate prioritizing renewable energy to ensure liquid fuel security and consumer protection.

China's state refiners, including China National Petroleum Corp. (CNPC), are seeking to resume fuel exports after a halt. PetroChina, a subsidiary of CNPC, recently went public on the Shanghai Stock Exchange with a market capitalization of $1.005 trillion, surpassing Exxon Mobil in value.

Exxon Mobil is reportedly considering selling its Hong Kong gas stations, which are branded under the Esso label. The potential sale reflects a strategic move in the company's asset portfolio.