CVX

Chevron is making a major return to frontier oil and gas exploration, targeting new discoveries across Africa, South America and the Eastern Mediterranean.

Cost discipline and proprietary technology are building structural advantages that protect long-term profit margins.

Havoc from Iran war boosts longer-run prospects for the oil giants.

Refining has quietly moved from a sleepy corner of Big Oil to the main profit engine, as tight fuel supplies and elevated margins reshape the earnings mix for integrated giants like Shell, BP and ExxonMobil.

Refining profits have surged as fuel supplies tightened worldwide, putting big integrated oil and gas groups back in the spotlight.

ExxonMobil emphasizes the need for lots of additional changes in Venezuela before making any financial plunge.

ExxonMobil emphasizes the need for lots of additional changes in Venezuela before making any financial plunge.

Chevron (NYSE:CVX) and TotalEnergies have agreed a lease swap in the US Gulf of Mexico that reshapes their offshore access. The transaction gives each partner new exploration blocks in high-potential deepwater areas, expanding their shared acreage position.

Record refining margins and AI value capture drive $10.4 billion adjusted earnings.

Moby summary of Chevron Corporation's Q3 2026 earnings call