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The Latest Breaking News from Exxon

Inside U.S. oil’s return to global wildcatting: ‘It’s like geo-porn’

The top U.S. shale oil drillers aim to find the next big boom abroad.

Fortune

Woman Fills Up At Exxon. Then She Selects Fuel Grade—And Notices The Options Are Different

“Imagine..."

Motor1

How Trump's stock portfolio rode oil price rollercoaster: Report

Oil prices surged above $100 a barrel amid escalating tensions with Iran. President Trump's disclosed oil investments gained millions during the six months of conflict. His accounts continued trading energy stocks affected by his wartime decisions. The White House maintains independent managers control the portfolio and deny any influence. This…

The Economic Times

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Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil

Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.

Euronews

Trump vows US will take 'all' of Venezuela's oil as deal details emerge

The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.

Euronews

Trump's oil deal with Venezuela raises red flags for some major producers, sources say

A proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among major oil companies. The arrangement would give the US a 35% stake and guaranteed oil access, while NABEP’s Venezuelan owner Alejandro Betancourt’s past investigations add uncertainty for potential investors.

The Economic Times

I'm working with Venezuela to kill its inflation. Trump’s secret oil deal with Delcy Rodriguez is illegitimate — and unhelpful

If you have to wait 558 years to produce and sell a barrel of oil, that barrel is virtually worthless in today's dollars.

Fortune

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ExxonMobil Stock: Is XOM Underperforming the Energy Sector?

Despite ExxonMobil’s underperformance relative to the energy sector over the past year, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Barchart

SpaceX’s $100 billion bet on Louisiana Starbase: 3,000 jobs, rocket hub - why it matters

SpaceX plans to build a $100 billion, 125,000-acre (50,585-hectare) Starship launch complex on Pecan Island in US' southern Louisiana, an area that serves as protected habitat for dozens of migratory bird species and whose receding wetlands help shield inland communities from flooding.

The Times of India

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

$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

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

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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

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’

Fortune

Current price of oil as of August 3, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Euronews

Major oil companies reap profits as US-Iran fighting drives energy prices higher

Oil and gas giants raked in massive spring profits while fighting between Iran and the US impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

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Benzinga

Hunter Biden Says Trump Is Making 'Big Oil' Great Again as Chevron, Exxon Mobil Profits Soar—Gavin Newsom Says CVX Is 'Fleecing Californians'

Former President Joe Biden‘s son Hunter Biden and Gov. Gavin Newsom (D-CA) slammed Chevron Corp. (NYSE:CVX) and ExxonMobil Holdings Corp. (NYSE:XOM), accusing the oil giants of profiting from the war in Iran.

Barchart

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.

Fortune

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.

The Independent UK

The Latest: Trump announces deal for Hamas to disarm in Gaza, but hurdles and uncertainty remain

Hamas said Friday that it reached an agreement to disarm, a significant move that could help end the war in Gaza — but one that will face many hurdles and could take a long time if ever to achieve

The Independent UK

Oil companies are expected to reap big profits because of US-Iran conflict

Analysts are expecting major oil companies to report large profits while fighting between Iran and the U.S. impeded petroleum shipments

Fortune

Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

For nearly a century, SLB has helped energy companies find hard-to-reach reserves. Now the global energy realignment is giving the French-Texan company a fresh growth story.

Saving Advice

AARP Members Can Save $40 on Walmart+—Here’s How

When it comes to stretching your dollar as far as it can go, many people have looked to memberships to save a little extra money....

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