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Germany’s gas storage hits a record low of 61% as winter arrives Korea’s chip exports jump 259% as October shipments hit $115.3B Oil at $110: will talks, the status quo or strikes set the next move? The 49.3 Problem: China’s factories shrink as its carmakers sell abroad Week ahead: US midterms, two rate hikes, jobs data and AI’s next earnings test Weekend Wrap part 2: Record profits, Falling Stocks - and Nervous AI Investors Weekend Wrap 1: The AI bill nobody fully counted: Bangladesh, World's no.2 apparel exporter, forms garment wage board after protests shut 43 factories FBI pins $6.3B Binance heist on North Korea; withdrawals restart Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

Germany’s gas storage hits a record low of 61% as winter arrives Korea’s chip exports jump 259% as October shipments hit $115.3B Oil at $110: will talks, the status quo or strikes set the next move? The 49.3 Problem: China’s factories shrink as its carmakers sell abroad Week ahead: US midterms, two rate hikes, jobs data and AI’s next earnings test Weekend Wrap part 2: Record profits, Falling Stocks - and Nervous AI Investors Weekend Wrap 1: The AI bill nobody fully counted: Bangladesh, World's no.2 apparel exporter, forms garment wage board after protests shut 43 factories FBI pins $6.3B Binance heist on North Korea; withdrawals restart Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

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Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

Record refining runs and strong margins drive Q3 profits sharply higher

News | 31 October 2026

Exxon earns $15.4B, Chevron $9.9B as refining boom lifts Big Oil

America’s two biggest oil companies posted bumper Q3 profits on surging refining margins, rewarding shareholders while tech earnings disappointed.

Big Oil had a blockbuster quarter. ExxonMobil earned $15.4 billion in Q3 — $17.5 billion adjusted — beating forecasts on record refining performance and revenue of $110.5 billion.It returned $9.4 billion to shareholders and lifted its dividend.

Chevron’s profit nearly tripled from a year earlier to $9.9 billion, helped by record refinery throughput and US production above 2 million barrels of oil equivalent a day.

The common driver is refining: with fuel supplies tight, margins on diesel and other products have widened far more than crude prices.

The results stood in sharp contrast to the week’s tech earnings rout.