In the second quarter of 2026, ExxonMobil and Chevron delivered blockbuster earnings, fueled by elevated oil prices stemming from the ongoing Iran conflict and associated supply disruptions in the Middle East, including pressures around the Strait of Hormuz and Red Sea. These results highlight the resilience of the U.S. majors’ integrated portfolios amid geopolitical volatility, […]
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US refiners are operating plants at elevated run rates, with some delaying scheduled maintenance amid strong refining margins and steady-to-robust fuel demand. According to a Bloomberg report from June 1, 2026, the industry saw one of its lightest maintenance seasons in recent memory, with an average of only 470,000 barrels per day (bpd) of processing […]
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Devon Energy (NYSE: DVN) delivered a solid operational performance in Q1 2026 while advancing a transformative strategic agenda. The company reported earnings on May 5, 2026, just ahead of the anticipated close of its all-stock merger with Coterra Energy (around May 7) and followed up with a major $2.6 billion Permian land grab on May […]
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Saudi Aramco, the world’s largest oil producer, is embarking on its most ambitious privatization and asset monetization drive in its 93-year history. The company aims to raise up to $35 billion by opening midstream, downstream, and non-core assets to Wall Street investors through sale-leaseback deals, minority stake sales, and infrastructure partnerships. This move is explicitly […]
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Houston, May 7, 2026 — Cheniere Energy Inc. (NYSE: LNG), the largest U.S. liquefied natural gas (LNG) exporter, delivered a stark headline miss in its first-quarter 2026 results, swinging to a $3.5 billion net loss (or $16.65 per share) from a $353 million profit a year earlier. The surprise shortfall — which caught all 14 […]
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In a sharp rebuke of European and UK energy policies, British billionaire Sir Jim Ratcliffe, founder and chairman of global chemicals giant Ineos, has publicly slammed the continent’s “all over the place” approach to energy as a threat to economic growth, industrial competitiveness, and national security. At the same time, Ineos is doubling down on […]
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UAE Hit by drones, U.S. Navy escorts ships out, and California is up to no good. What a wild day on the News Desk. President Trump ordered the U.S. Navy to escort ships through the Strait of Hormuz, and Iran started lobbing drones and missiles around. Bagdad Bob showed up in Iran and claimed that […]
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ExxonMobil (NYSE: XOM) released its first-quarter 2026 financial results this morning, showcasing a company built for volatility. Despite significant one-time impacts from Middle East disruptions tied to the February 28 conflict, underlying performance remained robust, driven by higher commodity prices, record production in key assets, and disciplined execution. Financial Highlights GAAP earnings: $4.183 billion, or […]
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Tokyo-based Japan Petroleum Exploration Co., Ltd. (JAPEX) today unveiled its ambitious “JAPEX Management Plan 2026-2035,” a decade-long strategy designed to quadruple its oil and gas production and position the company as a more resilient global energy player. The plan places heavy emphasis on U.S. expansion, building on the company’s recent $1.26 billion acquisition of operated […]
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Tesla’s energy storage division—once a quiet, high-margin moneymaker that outpaced the company’s slowing EV sales—has hit an unexpected bump. Bloomberg’s latest report highlights how the battery business, which fueled rapid revenue growth amid softening auto demand, suddenly stalled in early 2026. In Q1 2026, Tesla deployed just 8.8 GWh of energy storage products—down about 15% […]
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