Trump pressures Exxon, Chevron to cut pump prices after profit surge
What's new: Chevron posted $12 billion in quarterly profit and Exxon earned $14.5 billion as the Iran war lifted oil prices.
Bloomberg, The Business Times (Singapore) +1
Subject
#Exxonmobil
Trump presses Exxon and Chevron to cut pump prices after profit surge
Why it matters: Higher gasoline costs tied to the Iran war could become a political liability before November's midterm elections.
Bloomberg, The Straits Times +2
Fuel prices stay high as refinery outages squeeze global supply
Why it matters: Exxon and Chevron say disrupted refining, not crude alone, is keeping gasoline, diesel and jet fuel costly.
Fuel prices stay high as 10% of global refining capacity goes offline
Why it matters: Exxon and Chevron warn diesel, jet fuel and gasoline markets could tighten further into the third quarter despite lower crude prices.
Exxon, Chevron post Q2 profit jumps as oil war boosts prices
What's new: Chevron earned $12 billion and beat forecasts, while Exxon made $14.5 billion but missed on weaker refining results.
The New York Times, Bloomberg +2
Supreme Court lets ExxonMobil pursue $3 billion Cuba property case
Why it matters: The ruling broadens a 1996 law Trump activated in 2019, opening more claims over property Cuba seized after the revolution.
Bloomberg, The New York Times +2