Exxon, Shell, Chevron Post $36 Billion In Wartime Quarterly Profits
Exxon, Shell and Chevron reported a combined $36 billion in quarterly profits in earnings calls held the week of October 26-30, 2026, a windfall that drew scrutiny as fuel prices climb.[1]
Exxon posted $15.4 billion, Shell $10.8 billion and Chevron $9.9 billion, totaling just over $36 billion.[1] Company executives said a large share of the gains will be returned to shareholders through dividends and buybacks while plans for new drilling remain restrained amid geopolitical uncertainty.[1]
Brent crude is about $113 per barrel, up from roughly $70 per barrel before the Iran war disrupted Middle East oil flows. U.S. gasoline prices are about $1.20 per gallon higher than a year earlier, and diesel hit a record high in September 2026 and remains near that level.
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📌 Key Facts
- In earnings calls held the week of October 26–30, 2026, Exxon reported $15.4 billion, Shell $10.8 billion and Chevron $9.9 billion in quarterly profit, totaling just over $36 billion.
- Brent crude is currently about $113 per barrel, up from roughly $70 per barrel before the Iran war disrupted Middle East oil flows.
- U.S. gasoline prices are about $1.20 per gallon higher than a year earlier, and diesel hit a record high in September 2026 and remains near that level.
- Executives said a large share of profits is going to shareholders via dividends and buybacks, while capital spending on new drilling remains restrained amid geopolitical uncertainty.
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