Exxon Mobil company headlines, earnings, strategy, leadership, and market-moving business updates.
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A report tied to second-quarter 2026 results says Exxon Mobil and Chevron each earned over $12 billion during the quarter, reflecting the financial lift from higher gasoline prices.
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The U.S. energy major said it selected McDermott Energy Solutions (UK) for a role in the Rovuma LNG project in Mozambique, citing a letter of intent tied to the development’s contracting path.
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The report ties the latest earnings strength to higher crude prices and links the move in energy costs to everyday pressures for households and businesses, from fuel to shipping.
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In comments carried by Yahoo Finance, Phillips 66 positioned itself as one of the largest U.S. purchasers of Venezuelan oil while President Donald Trump criticized Exxon Mobil and Chevron for profiting as crude prices rose amid tensions tied to Iran.
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In comments carried by Yahoo Finance, Donald Trump said Exxon Mobil and Chevron were “making too much money” while gasoline prices rise, arguing companies should return more to the public.
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A Zacks analyst blog highlighted Exxon Mobil’s Q2 earnings miss alongside what it described as support from stronger production, firm oil prices and a “solid balance sheet,” while also surveying peers Chevron and BP.
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The Marlin platform is intended to help ExxonMobil manage simultaneous operations during pipe-laying and mooring installation work at the Whiptail project in Guyana, according to an industry report.
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A Yahoo Finance market report points to a potential valuation gap for Exxon Mobil after its second-quarter 2026 earnings, citing strong oil prices, record refining margins, and renewed political scrutiny tied to higher fuel costs.
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The company’s latest results lifted investor sentiment, yet a drop in free cash flow and the speed of the stock’s rebound are raising questions about how long the momentum can last.
