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BullishMEDIUM severityEnergy & Commodities24d ago

Oil companies report sky-high profits thanks to wartime crude prices

Reported by NPR Business · npr.org · July 31, 2026

$CVX
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Chevron reported its highest quarterly earnings ever. Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time last year.

What the tape says

What to watch: Rising prices support upstream producers; refiners with spot exposure benefit most.

Market reaction today: $CVX -1.06%

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