Finance5 sources
Chevron and Exxon report higher earnings due to soaring diesel prices
- Diesel prices have surged globally due to bombings of refineries in Russia and the Middle East.
- Chevron and Exxon reported earnings that beat expectations.
- High oil prices and record US refining margins contributed to Chevron's earnings reaching the fourth highest in company history.
- Investors who put $10,000 in Chevron stock a year ago would have seen a 52% gain as of October 21.
- The S&P 500 index would have yielded a 16.29% gain over the same period.
Timeline
Chevron Exceeds Forecasts on Oil Prices, Swollen Fuel-Making Returns
Chevron Corp. surpassed analysts' estimates as high oil prices combined with record US refining margins to lift earnings.
Chevron’s Earnings Will Show How It’s Spending Its Windfall
Chevron’s upcoming earnings report will reveal how the company is utilizing its financial gains.
Latest
Chevron beats earnings expectations as refining profits soar on high diesel…
Diesel prices have surged globally, boosting Chevron's refining profits and leading to higher-than-expected earnings.
Articles (6)
CNBC·
Chevron and Exxon beat earnings expectations as refining profits soar on high diesel fuel prices
Reuters·
Exxon, Chevron earnings propelled by war-driven refining surge
Bloomberg·
Chevron Exceeds Forecasts on Oil Prices, Swollen Fuel-Making Returns
Barron's·
Chevron’s Earnings Will Show How It’s Spending Its Windfall
The Motley Fool·
Chevron vs. Occidental Petroleum: Big Oil Sees Revenue Surge as Prices Leap in 2026
If You'd Invested $10,000 in Chevron (CVX) Stock 1 Year Ago, Here's How Much You'd Have Today