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The Latest Breaking News from Exxon

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

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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

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 Independent 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

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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.

Fortune

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.

Euronews

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.

Benzinga

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

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

The Independent UK

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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....

The Guardian - US

US trial could reveal who paid hackers to target Exxon climate critics: ‘on the edge of our seats’

Oil giant has denied involvement, but climate activists are closely watching court case against Israeli private investigator for answers

MarketBeat

Why Exxon Could Be the Market's Next Big Comeback Stock

Exxon's Q2 pullback ties to oil prices, which are set to rebound, supporting windfall profits, a $164.50 analyst price target, and its industry-leading, decades-long dividend growth streak.

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Benzinga

Exxon Mobil, Battalion Oil, Occidental Petroleum Are Trending After Hours as Hormuz Strait Disruption Reignites: XOM, BATL, OXY Spike

Renewed tension in the Middle East sends the oil stocks trending.

The Conversation

US Supreme Court opens the courthouse door to lawsuits tied to Cuba’s property seizures 6 decades after the fact

Cuba’s economy is collapsing, and its government assets in the United States remain largely frozen. But U.S. corporations have a right to seek compensation from assets the Cuban government seized from American companies more than six decades ago, the U.S. Supreme Court ruled on June 23, 2026.

The Conversation

Longtime Exxon CEO Lee Raymond’s legacy of climate denial and misinformation lives on – a psychologist offers ways to counter it

When the Exxon Valdez spilled more than 11 million gallons of oil into Alaska’s Prince William Sound in 1989, Exxon President Lee Raymond oversaw the cleanup and a US$1 billion federal settlement for the extensive damage to the coastline and wildlife. Afterward, he helped lead a 14-year legal battle that…

MarketBeat

The Oil Trade May Not Be Over: 3 Energy Stocks to Watch

Oil markets may remain tight through summer despite the Strait of Hormuz reopening, positioning XOM, COP, and VLO for windfall profits and accelerated capital returns.

Reason

The Most Interesting Supreme Court Opinion Line-Up You Will See This Year

Leave it to the Rooker-Feldman doctrine to divide the justices in an unusual way.

AAP

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

Fortune

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.

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