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Exxon & Chevron Shares Jump After Big Q1 Earnings Beat

Exxon & Chevron Shares Jump After Big Q1 Earnings Beat The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite sizable production outages). Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter. These accounting charges are expected to fully unwind...
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Jul 23, 2026 / Tyler Durden
Trump Suggests He May Restart Bombing Yemen
Trump Suggests He May Restart Bombing Yemen Authored by Dave DeCamp via AntiWar.com, President Trump on Tuesday suggested he could restart a bombing campaign in Yemen in response to the Houthis, officially known as Ansar Allah, enforcing a blockade on the Red Sea. Trump's comments came after Ansar Allah announced a maritime blockade on Saudi Arabia, which came a week after the Saudis bombed Yemen’s Sanaa airport to prevent the landing of a plane carrying a Yemeni delegation from Iran to enforce its long-standing blockade on the country that was eased under a 2022...
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Mar 17, 2026 / Tyler Durden
Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock
Diesel Tops $5, Echoing 2022 Russia-Ukraine Invasion Energy Shock US Fuel Spike Summary: AAA national average diesel prices have jumped 34%, the largest increase for any month on record. AAA national average gasoline prices have jumped 24.5%, also the largest increase for any month on record. The spike in refined products comes just ahead of driving season and, if it persists long enough, could dent consumer sentiment polls. The Trump administration assures the conflict will be short-term. Countdown to Memorial Day driving season: 69 days. *  *  *  Update (0840ET) The partially paralyzed Hormuz chokepoint...
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Mar 22, 2026 / Tyler Durden
Trump HHS Launches Probe Into 13 States Over Abortion Coverage Mandates
Trump HHS Launches Probe Into 13 States Over Abortion Coverage Mandates The U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), is investigating 13 Democrat-run states for allegedly forcing employers' health insurance plans to cover abortions. Officials say these rules trample the Weldon Amendment's federal conscience protections.  The Weldon amendment blocks states from punishing health insurers, plans, or providers who refuse to pay for, provide, or refer for abortions on moral or religious grounds, and has appeared in every HHS spending bill alongside the Hyde Amendment since...
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