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Oil Industry 15 June 2026 - 17 July 2026

Exxon, Chevron set for $26B quarter; refiners hold up in Iran war trade

Exxon, Chevron set for $26B quarter; refiners hold up in Iran war trade

Marathon Petroleum and Valero Energy jumped about 3.8% each in late-morning trading on Monday. Exxon Mobil added 3.4%. Chevron was up 2.2%. Brent crude was up more than 4%, above $79 a barrel, after President Donald Trump said the U.S. is bringing back its naval blockade of Iran. The split in refiners and oil majors points to stronger fuel margins, not just the crude rally, as the key driver for earnings.
ExxonMobil posts $5B profit gain, shares slide $12B in value

ExxonMobil posts $5B profit gain, shares slide $12B in value

ExxonMobil Holdings Corporation closed Friday at $138.88, down 2.0% from Tuesday’s close. This came even after the company indicated about $5 billion in second-quarter earnings growth from Q1. U.S. markets were closed for the weekend. The parent company switched to the ExxonMobil Holdings name on July 2, replacing Exxon Mobil Corporation as the NYSE-listed entity, but kept the XOM ticker.
Gasoline crunch brings big gas stations, fuel margins into investor view

Gasoline crunch brings big gas stations, fuel margins into investor view

Investors tracking crude could miss what’s happening in fuels. Gasoline supply, retail margin, and store visits matter too. Russia is rationing after its refineries were hit. U.S. travel centers want people to use the pump as a way into buying food, coffee and other high-margin items. AAA reported regular gas at $3.81 a gallon Saturday. That’s down from $4.24 last month, but more than the $3.15 seen a year ago. Diesel at $4.80.
US and Iran Peace Deal Signing in Focus as June 19 Nears

US and Iran Peace Deal Signing in Focus as June 19 Nears

Pakistan said the US and Iran have agreed to end their war, with a formal signing set for Friday, June 19, in Switzerland. The announcement points to a diplomatic deal meant to reopen the Strait of Hormuz and bring some stability to energy markets. Prime Minister Shehbaz Sharif said the agreement would mean “the immediate and permanent termination of military operations on all fronts, including in Lebanon.” Reuters reported the exact terms were not clear.
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