Exxon Mobil Corporation

The average gas price in California rose to $6.06, the highest level in four years, with the national average hitting $4.39. Exxon and Chevron reported quarterly earnings declines despite soaring oil prices, while AAA noted a 27-cent national price increase this week.

Exxon CEO Darren Woods warns that price caps and export bans on energy will exacerbate global energy challenges. He argues such policies could disrupt markets and worsen energy shortages.