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Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally
Posted
May 1, 2026
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2:34Now PlayingExxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war.
Vincent Piazza, Bloomberg Intelligence Senior Equity Research Analyst, discusses the beat and oil sector sentiment as the Hormuz Strait blockade continues to drive up prices.
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