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The Latest Breaking News from Chevron

As oil profits skyrocket, calls for windfall taxes rise

When Chevron reported its highest quarterly profit in six years on July 31, 2026, it was just one detail in a larger picture: Analyst firm Wood Mackenzie estimates the global oil and gas industry is on course for a cash windfall of US$495 billion in 2026. That’s profit above and…

The Conversation

Steal This Story, Please! review – Amy Goodman, stalwart of the American left, shows her teeth

This comprehensive documentary about the Democracy Now! radio show host and seasoned investigative reporter takes in a massacre in East Timor, the actions of oil giants and a flustered Bill Clinton as it reflects her vital work

The Guardian - UK

Samuel Alito gained up to $2.9m from oil and gas assets since joining supreme court, analysis shows

Critics argue US high court justice should recuse himself from upcoming fossil fuel firms’ climate accountability case

The Guardian - US

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$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of…

The Economic Times

Cypriot natural gas flowing to Europe in 2028, says Cyprus Energy Minister

In an exclusive interview with the Associated Press, he highlights the progress of Cyprus's ongoing energy projects, which will also benefit EU citizens.

Euronews

How Chevron became the AI darling of Big Oil

Chevron's West Texas data center deal with Microsoft may jumpstart a new Big Ol and AI trend.

Fortune

No Hangover: Revisiting Microsoft One Week After Earnings

Microsoft shares rallied over 25% after strong fiscal Q4 earnings and Azure growth, while Chevron and Constellation power deals and rising capex signal both AI demand and cash flow trade-offs ahead.

MarketBeat

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Trump faces calls for windfall tax on big oil’s profits from Iran war

US president’s complaint industry ‘making too much money’ comes after his policies boosted corporations

The Guardian - US

Trump Slams Chevron and Exxon Over Profits, But The Real Math Tells a Different Story

Trump slammed Chevron and ExxonMobil for wartime profits and claimed a 12x earnings jump — the real gains were closer to 4x and 2x.

Latin Times

SNP 'more extreme' on oil and gas than Donald Trump, say campaigners

THE SNP have a “more extreme” position on oil than Donald Trump, according to an environmental pressure group.

The National (Scotland)

White House set to extend Jones Act waiver as Trump hunts for cheaper gasoline

The White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transport bottlenecks for fuel. President Trump is increasing pressure on oil companies to lower prices for consumers. Critics argue the waiver benefits foreign operators and undermines domestic maritime interests.…

The Economic Times

Trump Attacks Exxon and Chevron Over $26.5B War Profits While 54% of Voters Blame Him for $4 Petrol

Trump, Exxon, and Chevron row explained: learn how record earnings during the conflict became a fight over the cost of filling a tank.

International Business Times UK

'White House Set To Extend Jones Act Waiver As Trump Hunts For Cheaper Gasoline' - Reuters Exclusive

WASHINGTON/HOUSTON, Aug 4 (Reuters) - The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon…

Benzinga

Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

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The Economic Times

Big Oil profits surge as Iran war keeps energy prices elevated

European and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four percent year-on-year. American energy companies also posted enormous profits last week. Consumers face higher costs for fuel and air travel globally. Oil prices have recently fallen after potential diplomatic progress.

The Independent UK

Big oil companies continue to post banner profits as fighting in Iran drives costs higher

Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher

International Business Times

The Iran War Continues Keeping Energy Markets On Edge. Saudi Aramco Profits Are Jumping.

Saudi Aramco reported a 33% jump in second-quarter profit as higher oil prices driven by the Iran conflict boosted revenue, with the company highlighting the role of its East-West pipeline in keeping exports flowing despite disruptions around the Strait of Hormuz.

Reason

Blame Game

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The Independent UK

BP profit doubles to $5.7bn as war between US and Iran drives up oil prices

The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June

International Business Times UK

Trump Blasts Exxon, Chevron Over $26B Iran War Windfall, Vows They'll 'Give Some Back'

Donald Trump criticises major oil companies for profiting from the Iran conflict, urging them to reduce consumer prices as Americans face rising fuel costs ahead of midterm elections.

The Guardian - UK

First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war

US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict

The Guardian - UK

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Guardian - UK

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened

Rolling coverage of the latest economic and financial news

The Economic Times

'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices for American drivers

US President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumers. The oil companies defended their actions by attributing price hikes to global market trends. Both firms showcased robust quarterly earnings driven by soaring oil prices, which raises political stakes…

Benzinga

Chuck Schumer Says Iran War a 'Gift' to Trump's 'Big Oil' Friends Who Bankrolled His Campaign: 'One Promise He Actually Delivered On' (CORRECTED)

Editor’s Note: The headline of this story has been updated to correct an error in the original version.

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