Back to today’s briefing

Story perspectives

Exxon and Chevron Hit Record Profits on Higher Oil Prices

9/1/2026

31 3 Full Breakdown

Summary

Story summary

U.S. oil companies posted record quarterly profits as war drove oil prices higher.
ExxonMobil reported a $14.5 bn Q2 profit, its best quarterly earnings in four years.
Chevron posted a $12 bn Q2 profit, its highest in six years.
The Pentagon signed a $22.9 bn RTX contract to increase Tomahawk missile production.
Food price index rose 0.6 % in July, the highest level since January 2023.

1 of 1

Story summary

U.S. oil companies posted record quarterly profits as war drove oil prices higher.
ExxonMobil reported a $14.5 bn Q2 profit, its best quarterly earnings in four years.
Chevron posted a $12 bn Q2 profit, its highest in six years.
The Pentagon signed a $22.9 bn RTX contract to increase Tomahawk missile production.
Food price index rose 0.6 % in July, the highest level since January 2023.