Chevron, ExxonMobil post record quarterly profits as oil prices surge

Major oil companies reported their highest earnings in years following geopolitical tensions that drove crude prices upward, reviving profit levels not seen since Russia's 2022 invasion of Ukraine.

First covered Jul 31, 2026 · 12:57 PM PT · 1 article

Chevron, ExxonMobil post record quarterly profits as oil prices surge — Image via heatmap.news

Coverage

2d Heatmap News 3 Takeaways from a Blowout Quarter for Oil Companies — It’s 2022 all over again. A war has broken out involving (at least) one large oil-producing country, raising both prices and oil company profits.

Primary sources

congress.gov Text (congress.gov)

eia.gov When was the last refinery built in the United States? - Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

investor.exxonmobil.com ExxonMobil Announces Second-Quarter 2026 Results

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More coverage from around the web

gurufocus.com ExxonMobil (XOM) and Chevron (CVX) Report Record Profits Amid Energy Crisis

commondreams.org Exxon, Chevron Post $26.5 Billion in Combined Profits as High Gas Prices Pummel Americans | Common Dreams

cnn.com Exxon made $160 million per day last quarter as oil prices surged | CNN Business

npr.org Oil companies report sky-high profits thanks to wartime crude prices : NPR

youngresearch.com Exxon, Chevron Ride Oil Surge to Strong Q2 Profits

Appeared in: 2026-08-03 (#18)

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