S&P 5007,489.72▲0.7% Nasdaq25,373.85▲1.0% Dow52,485.03▲0.5% Russell 2K2,931.34▼0.5% 10-Yr4.75%+8bp VIX15.99−1.10 WTI$86.80▲3.8% Gold$4,098.60▼0.0% EUR/USD1.153▲0.5% BTC$62,930▼2.8% Nikkei61,867▲0.7%
At close · Fri, Jul 31, 2026
Daily Market Updates.

US Markets

Home›US Markets›Sectors›Exxon and Chevron second-quarter profits jump on highe…

Exxon and Chevron second-quarter profits jump on higher oil prices

CNBC says the companies attributed the profit surge to rising oil prices tied to the Iran war.

Reported · Written up by our desk · Sectors

ExxonMobil and Chevron reported second-quarter profits that rose sharply, supported by higher oil prices, according to CNBC Markets.

CNBC World and CNBC Earnings also tied the companies’ stronger results to the same driver, citing the impact of the Iran war on crude prices.

Latest closeWTI crude $86.80 ▲3.8%

← Newer storyBig Mac Index marks 40 years as burgers stay cheaper in Asia

More like this

US MarketsWells Fargo says Intel’s AI business is strengthening
US MarketsSnapchat joins YouTube, LinkedIn and Substack to curb AI-generated “slop”
US MarketsSnapchat joins platforms pushing back on AI-generated “slop”
US MarketsJob seekers weigh the cost and value of AI certificates
US MarketsSocial Security update on higher earnings expected in October

Sources

CNBC MarketsExxon and Chevron profits surge on rising oil prices due to Iran war
CNBC WorldExxon and Chevron profits surge on rising oil prices due to Iran war
CNBC EarningsExxon and Chevron profits surge on rising oil prices due to Iran war

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.