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THE TRUTH ABOUT: 2 - The Untold Story

BP profit more than doubles as Middle East conflict boosts oil prices

British energy giant BP said on Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Euronews

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Guardian - UK

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices for American drivers

US President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumers. The oil companies defended their actions by attributing price hikes to global market trends. Both firms showcased robust quarterly earnings driven by soaring oil prices, which raises political stakes…

The Economic Times

Hunter Biden Says Trump Is Making 'Big Oil' Great Again as Chevron, Exxon Mobil Profits Soar—Gavin Newsom Says CVX Is 'Fleecing Californians'

Former President Joe Biden‘s son Hunter Biden and Gov. Gavin Newsom (D-CA) slammed Chevron Corp. (NYSE:CVX) and ExxonMobil Holdings Corp. (NYSE:XOM), accusing the oil giants of profiting from the war in Iran.

Benzinga

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

Barchart

Are Wall Street Analysts Predicting ExxonMobil Stock Will Climb or Sink?

ExxonMobil has outperformed the broader market over the past year, and analysts remain moderately optimistic about the stock’s prospects.

Barchart

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Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

For nearly a century, SLB has helped energy companies find hard-to-reach reserves. Now the global energy realignment is giving the French-Texan company a fresh growth story.

Fortune

The 2026 Blueprint: 6 Stocks for a Brand New Portfolio

Capital is shifting from software to hard assets like AMD, GE Vernova, ExxonMobil, and Amazon as investors prioritize AI infrastructure, energy security, and pricing power over speculative tech.

MarketBeat

Texarkana region embraces lithium mining potential

Texarkana’s first lithium symposium marked a milestone for Texas lithium development, laying the groundwork for discussions on critical issues.

The Texas Tribune

US trial could reveal who paid hackers to target Exxon climate critics: ‘on the edge of our seats’

Oil giant has denied involvement, but climate activists are closely watching court case against Israeli private investigator for answers

The Guardian - US

Thousands wrote to the SEC about quarterly reporting. A detailed letter came from Exxon’s CFO

Among thousands of public comments to the SEC, a small group of CFOs offered competing views on reporting frequency and disclosure burdens.

Fortune

Two gas fields off Cyprus could start production by 2033

Cypriot President Nikos Christodoulides lauded the signing of the "declaration of marketability" as a "major step towards establishing the Eastern Mediterranean as a credible alternative energy corridor for Europe".

Euronews

Cypriot natural gas could start flowing from ExxonMobil's discoveries by 2033

Natural gas could start flowing from two undersea deposits ExxonMobil discovered off Cyprus by 2033, the company's Vice President of Global Exploration John Ardill said, helping to turn the east Mediterranean island nation into a new European energy hub

The Independent UK

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Fortune

Trump turns on Big Oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging

Crude prices are back to prewar levels. Gas prices aren’t. Now Trump is pointing fingers at his own biggest donors.

The Independent UK

The Latest: Pentagon asks Congress for roughly $80 billion to cover cost of Iran war

Iran's president is in Pakistan to talk with mediators as negotiations between Tehran and Washington proceed on ending the war

The Independent UK

Supreme Court OKs ExxonMobil lawsuit over Cuban property seized by Fidel Castro's government

The Supreme Court has ruled that ExxonMobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power

The Conversation

Longtime Exxon CEO Lee Raymond’s legacy of climate denial and misinformation lives on – a psychologist offers ways to counter it

When the Exxon Valdez spilled more than 11 million gallons of oil into Alaska’s Prince William Sound in 1989, Exxon President Lee Raymond oversaw the cleanup and a US$1 billion federal settlement for the extensive damage to the coastline and wildlife. Afterward, he helped lead a 14-year legal battle that…

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MarketBeat

The Oil Trade May Not Be Over: 3 Energy Stocks to Watch

Oil markets may remain tight through summer despite the Strait of Hormuz reopening, positioning XOM, COP, and VLO for windfall profits and accelerated capital returns.

MarketBeat

Draining the Tank: Big Oil Runs on Fumes

The sudden diplomatic breakthrough resolving Middle Eastern supply tensions is accelerating a major market rotation into consumer equities as fuel costs drop.

Euronews

US eyes stake in Azerbaijan's pipelines as economic ties enter new phase after Trump-brokered deal

Washington wants in on Azerbaijan's pipelines and energy infrastructure, a senior US official said in Baku, as the two countries deepen economic ties following Trump's White House peace deal with Armenia.

Fortune

What is a Fortune 500 company? The story behind the list

The Fortune 500 is the ranking of the largest companies in the U.S. based on revenue.

MarketBeat

5 High-Yield Stocks and ETFs to Buy and Hold for the Next Decade

Five high-yield names spanning pharmaceuticals, consumer staples, energy, and ETFs offer income investors compelling yields and durable businesses for a ten-year hold.

Evening Standard

Scottish Government will be ‘bold, innovative and ambitious’ on industry – Flynn

The new Cabinet Secretary for Economy has met former workers of the Grangemouth refinery and Mossmorran ethylene plan.

Euronews

Egypt to ship Cypriot gas to Europe in QatarEnergy deal

QatarEnergy and ExxonMobil have signed a deal with Egypt to pipe Cypriot offshore gas to Egyptian liquefaction facilities for export to Europe — the latest sign that Egypt is becoming the Eastern Mediterranean's dominant energy hub.

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