ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran.

Oil companies are responding differently to the surge in crude prices.

Exxon Mobil (NYSE:XOM | XOM Price Prediction) trades fairly priced at current levels. The 24/7 Wall St. price target points to $141.98 over the next 12 months, modestly below the current quote of $152.

The company’s total revenues of $85.29 billion missed the consensus forecast of $87.71 billion. ExxonMobil generated $14.8 billion in cash flow from operations and adjusted free cash flow of $6.3 billion for the quarter, ending the period with a ...

Exxon topped Q1 earnings estimates with $1.16 EPS as higher oil prices offset a 6% production decline from Middle East war disruptions.

Oil prices have gone hyperbolic this year. Brent oil, the global benchmark price, started the year at around $60 a barrel. It has surged to over $100 a barrel due to the war with Iran. Higher oil prices are an unexpected windfall for ExxonMobil (NYSE: XOM).

Exxon warns Strait of Hormuz closure impacts aren’t fully priced in; dwindling inventories may drive oil higher.

By Curtis Williams HOUSTON, May 5 (Reuters) - Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company's vice president of exploration,

The New York Supreme Court Appellate Division, First Department found that Phil Mulacek and his co-plaintiffs had standing to sue ExxonMobil over the contingency payments ExxonMobil promised shareholders of InterOil after acquiring the company.

Mohamed Irfaan Ali spoke exclusively to the Chronicle about Guyana’s relationship with Houston energy giants Exxon and Chevron and the country's oil future.