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The Latest Breaking News from Mike Wirth

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

Blame Game

Plus: Surveillance for babies, using endowments to keep lights on, and more...

Reason

'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…

The Economic Times

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Average Gas Prices Remain Above $4. Trump Is Again Calling On Major Gas Companies To Lower Prices

Average gas prices continue above $4 a gallon in the U.S., according to AAA.

International Business Times

Trump hails Chevron's comeback, tells oil firms: 'Get your consumer (retail) oil prices down, now'

Donald Trump stated his administration's policies fueled Chevron's success and growth. He highlighted the company's return to Venezuela as a significant achievement. Trump urged energy companies to reduce consumer fuel prices immediately. He believes the oil industry would have failed without his administration's strength. The former president emphasized lower energy…

The Economic Times

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

Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector

Chevron posted Q2 2026 earnings of $12.1 billion as elevated Brent crude and strong refining margins boosted results, but the stock struggled to rally as gains appeared already priced in.

MarketBeat

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Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

Fortune

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

Fortune

Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows — 'I mean really, really low levels'

"You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”

Fortune

Trump cheered at his own Florida golf course as he watches over PGA event amid Iran war and rising prices at home

Trump enjoys time with celebrity golfers as White House admits Iran talks have stalled and no end to conflict in sight

The Independent UK

Chevron CEO warns Trump’s oil crisis could get even worse

Two in three Americans blame Trump for high gas prices, according to Quinnipiac poll

The Independent UK

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

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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Fortune

Microsoft and Chevron enter exclusivity deal on powering West Texas data center complex

The colocated data center and power plant campus would start with 2.5 gigawatts of power and the potential to double that size.

Fortune

Netflix cofounder Reed Hastings says his first boss out of college would wash his dirty mugs at 4:30 a.m.—so now he does coffee runs for his staff too

After self-made billionaire Reed Hastings found out his boss was washing his dirty mugs, he’s learned to stay humble and connect with staffers—by giving them coffee in fresh cups.

The Mary Sue

‘We don’t need the Hormuz Strait’: Donald Trump says, as fuel prices raise in the U.S.

President Donald Trump, who claims he’s been negotiating with Iran, now claims that the Strait of Hormuz is “not important” to the United States. But as the war wages on, fuel prices continue to climb and hurt consumers throughout the US.

MarketBeat

Energy Stocks Surge on Oil Spike: Buy, Hold, or Take Profits?

Energy stocks are rallying amid geopolitical tensions and rising oil prices, but investors must decide whether to stay invested or lock in gains.

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news in one place.

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Kiplinger

Stocks Slide Again as Crude Oil Controls: Stock Market Today

The energy shock is starting to show up in survey data, with a resolution of Middle East oil and gas infrastructure disruptions still well over the horizon.

Fortune

How CEOs are grappling with the greatest energy shock ever

Also: All the news and watercooler chat from Fortune.

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

Fortune

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.

The Independent UK

The art of the drill: Trump considers subsidies to push oil companies to drill in Venezuela

Two of the three major US oil companies pulled business out of Venezuela nearly two decades ago after assets were seized

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.

Fortune

CEO writes hundreds of thank you notes to staff and still eats in the break room—which 'always, for whatever reason, blows new employees away'

First Watch CEO Chris Tomasso isn’t afraid to pick up pen and paper—something similarly embraced by top business leaders at Chevron and even OpenAI.

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