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The Latest Breaking News from Darren Woods

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

Barchart

Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply

The Big Oil giants are taking home near-record profits from high oil and fuel prices worldwide.

Fortune

Exxon Mobil CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings despite plunging profits

Exxon and Chevron are maintaining a wait-and-see approach to Venezuela, but they're taking diverging paths in the booming Permian Basin.

Fortune

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Big Oil embraces exploration outside of the Americas again as Chevron enters Libya

American Big Oil is returning to countries in the Middle East, Africa, and beyond to find new sources of oil and gas.

Fortune

Energy Is Leading in 2026—But Are the Oil Majors Cracking?

Energy is leading the market this year as investors seek safety. Despite mixed earnings, efficiency cuts and high demand keep the sector's outlook hot.

MarketBeat

Exxon and Chevron decline new spending in Venezuela while taking a wait-and-see approach for the years ahead

Exxon Mobil maintains long-term interest in Venezuela despite Trump’s threat to keep the company out, while Chevron aims to hike its Venezuelan volumes without any additional capital influx.

Fortune

Trump is sending funds from Venezuela oil to a bank in Qatar: report

Senior officials claim Gulf state provides neutral location to store proceeds from which they can be moved safely and without risk of seizure

The Independent UK

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As Trump Spats With Exxon CEO Darren Woods Over Venezuela, Should You Take a Risk and Buy XOM Stock?

Woods said Venezuela was uninvestable, prompting Trump to say that Exxon was being "too cute" and may not be involved in rebuilding the oil infrastructure in the country.

Barchart

Venezuela Reopens Oil Wells as Crude Exports Resume Under Tight U.S. Oversight

Venezuela has begun reopening oil wells that were shut during a strict U.S. embargo as crude exports resumed this week under close U.S. oversight, according to a new report.

Latin Times

The oil CEO who stood up to Trump is a disciplined follower of the 'Exxon way' with a history of blunt statements

Also: All the news and watercooler chat from Fortune.

Fortune

Trump threatens to keep ‘too cute’ Exxon out of Venezuela after CEO provides reality check on ‘univestable’ industry

Exxon Mobil CEO Darren Woods' emergence as an unofficial industry spokesman has put him at odds with Trump with his frank talk over Venezuela.

Fortune

Trump shares fake Wikipedia page calling himself ‘Acting President’ of Venezuela

President Donald Trump posts meme apparently intended as snub to country’s interim president Delcy Rodriguez, sworn in last week to succeed Nicolas Maduro

The Independent UK

Trump pushes for $100 billion in oil investments in Venezuela while Exxon and others say it’s currently ‘uninvestable’ without major reforms

Oil giants tell Trump they need stability and considerable legal and political reforms before investing big in Venezuela.

Fortune

U.S. oil giants tell Trump they're noncommittal on Venezuela

Exxon CEO Darren Woods said Venezuela is currently "uninvestable" without "significant changes" to commercial frameworks and legal system.

Axios

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The Guardian - US

Trump promises oil companies ‘total safety’ in Venezuela as he urges them to invest billions

Country is ‘uninvestable’ today, president told, but CEOs signal they are ready to spend with support

Fortune

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Benzinga

Exxon Mobil Unveils Synthetic Graphite To Boost EV Battery Life By 30%

Exxon Mobil (NYSE:XOM) announced it has developed a new synthetic graphite that could extend the life of electric-vehicle batteries by up to 30%.

Fortune

The 5 biggest global business rivalries to watch, and how their outcomes will shape the future

Breaking down the competition in AI, energy, EVs, and more.

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Fortune

Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian

Big Oil leaders dominate the Permian and the hottest spot in South America.

International Business Times

Exxon, Chevron Turn Page On Legal Fight As Profits Slip

Lower crude prices dented profits at ExxonMobil and Chevron as the companies signaled Friday they are moving past a legal fight over an acquisition ultimately won by the latter firm.

Benzinga

Exxon Mobil Hits Record Production, CEO Reaffirms Hunt For Value-Driven Deals

Exxon Mobil Corporation (NYSE:XOM) announced on Friday its second-quarter 2025 earnings of $7.1 billion, or $1.64 per share, exceeding analyst estimates of $1.47. The company’s total revenues of $81.51 billion also surpassed the consensus forecast of $79.34 billion.

Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

International Business Times

Lower Profits At US Oil Giants Amid Fall In Crude Prices

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global economic uncertainty surrounding President Donald Trump's tariffs.

Fortune

Exxon's CEO touted this 'huge advantage' in building power plants for AI data centers

"Our view is we'll bring this on faster than anybody else in the industry, and we'll certainly bring it on faster than any other opportunities for decarbonization."

International Business Times

Trump Push To 'Drill, Baby, Drill' May Hit Industry Roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week -- but analysts warn his efforts could be hampered by the industry itself.

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