Here’s how Big Oil cashed in on the historic supply crunch
Reported by MarketWatch · marketwatch.com · July 31, 2026
ExxonMobil’s profit more than doubled in the latest quarter, but that was not enough. Chevron’s better print boosted the company’s stock.
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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