ExxonMobil and Chevron enjoy revenue boom
Quarterly results showcase upwards trajectory for oil producers despite the focus on capital discipline
The US majors enjoyed another strong financial quarter as commodity prices held firm and economic activity continued to rebound. In Q2, ExxonMobil posted earnings of $4.7bn—$5.8bn above last year’s Q2 loss—while Chevron’s recovery was even greater. The operator managed $3.1bn in earnings, a massive $11.4bn lift above the lows of the same quarter last year. The chemicals sector was one of the major driving forces for improved ExxonMobil numbers. The company achieved a record quarterly performance, $2.3bn in earnings, with margins boosted by tight supply in North America and Europe. Atlantic basin polyethylene and polypropylene margins were particularly affected, while North American ethane fe
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
