Friday, September 18, 2026
ExxonMobil, Chevron use profits to cut debt amid market uncertainty- oil and gas 360

ExxonMobil, Chevron use profits to cut debt amid market uncertainty

(World Oil) — ExxonMobil and Chevron used record second-quarter earnings to strengthen their balance sheets, directing billions of dollars toward debt reduction rather than significantly increasing share buybacks as geopolitical tensions continue to cloud the oil market outlook. The two U.S. supermajors more than doubled net income during the quarter, benefiting from higher crude prices and exceptionally strong refining margins following prolonged disruptions

BP Earnings Surge to $5.7 Billion on Oil Price and Refining Boom- oil and gas 360

BP earnings surge to $5.7 billion on oil price and refining boom

(Oil Price) – BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the shock supply disruption in the Middle East. BP on Tuesday reported an underlying replacement cost (RC) profit, the closest metric to net profit closely watched by analysts, of $5.7

Petrobras sets production record of 3.34 MMboed in second quarter- oil and gas 360

Petrobras sets production record of 3.34 MMboed in second quarter

(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited from increasing

Pipeline company Enbridge reports $1.4-billion second-quarter profit- oil and gas 360

Pipeline company Enbridge reports $1.4-billion second-quarter profit

(BOE Report) – Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier. The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down from $1 per share in the same quarter last year. On an adjusted basis, Enbridge says it earned 63 cents