Will US oil companies be the big winners from the Iran war? [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
-/UGC/AFP Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits. But the question remains whether the new war in the Middle East also leads to increased oilfield investment. - What does the Middle East war mean for US oil industry profits? - Geopolitical crises lift oil industry profits if a supply disruption causes commodity prices to spike. That's what happened after Russia invaded Ukraine. In the third quarter of 2022, ExxonMobil and Chevron reported more than $30 billion in profits between the two companies. The results were boosted by a surge in crude and natural gas prices. Brent oil futures briefly surged above $85 a barrel Tuesday, while European natural gas prices reached their highest level since 2023. These increases show the market's response to the effective shutdown of the Strait of Hormuz, a waterway accounting for some 20 percent of gl
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XOM
News
- Reddit Is Bullish on XLE But Crude Oil Tells a Different Story [Yahoo! Finance]Yahoo! Finance
- A Look At Exxon Mobil (XOM) Valuation After Its Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
- SA analyst upgrades/downgrades: NVDA, ADSK, XOM, WLDN [Seeking Alpha]Seeking Alpha
- TSX rides oil surge while global markets wobble on Iran conflict [Wealth Professional (Canada)]Wealth Professional
- How to bring down gas prices in California (Hint: Pumping oil won't help) [Los Angeles Times (CA)]Los Angeles Times
XOM
Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 3/3/26 - Form 4
- 2/20/26 - Form 8-K
- 2/18/26 - Form S-3ASR
- XOM's page on the SEC website