Oil Giants Post $56.3 Billion Q3 Profit Amid Global Disruptions; Exxon, BP Announce Shareholder Rewards
ExxonMobil, Chevron, BP, Shell, and TotalEnergies reported a combined net income of $56.3 billion for Q3, boosted by refining profits amid geopolitical disruptions. ExxonMobil announced a 3.9% dividend increase and a $20 billion buyback plan for 2027, while BP prepares to unveil its strategic update amid market pressures.