Earnings6:33 AM ET

Exxon and Chevron post record refining profits as wars crimp energy supplies

By BORSA NewsroomPublished Oct 30, 2026, 6:33 AM EDTUpdated Oct 30, 2026, 6:42 AM EDT

Exxon Q3 earnings $15.4B (+104%), Chevron $9.9B (tripled), both beat estimates. War-driven supply disruptions boost refining margins. Diesel prices hit U.S. records. Both companies prioritize debt reduction over spending.

Sentimentbullish 70

Bullish · 70 of 100

Impact70

medium · sector-wide

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Exxon Q3 earnings $15.4B (+104% YoY), adjusted EPS $4.23 vs est $4.12
Chevron Q3 earnings $9.9B (tripled YoY), adjusted EPS $5.28 vs est $4.87