Chevron reported third-quarter net income of $9.9 billion, or $5.06 a share, up from $3.5 billion, or $1.82 a share, a year earlier. Adjusted earnings reached $5.28 a share, above the $4.89 analysts expected, and revenue came in at $67.8 billion against an expected $61.6 billion. ExxonMobil's profit also doubled to $15.4 billion, or $3.72 a share. U.S. diesel averaged $6.32 a gallon on Friday, according to AAA, more than 70% above a year earlier. Both companies' shares touched all-time highs on Friday.
Wall Street
3 stories since 29 October 2026, newest first
31 October 2026
Alphabet’s stock slides 12% on Thursday, wiping about $500 billion from its market value. The decline follows a 12% rise in Google Search revenue to $63.4 billion, below analysts’ 15% expectation, and a negative free cash flow of $9.1 billion in the third quarter, its second consecutive loss. Capital spending across the sector tops $740 billion this year, with Alphabet planning up to $205 billion in 2026 and higher spending in 2027.
29 October 2026
Microsoft reported free cash flow of 18.6 billion USD, double analysts' expectations, while its Azure cloud segment grew 48 % in the quarter, up from 43 % before. Its AI-related capital spending reached 45.2 billion USD, about 5 billion USD below plan. Goldman Sachs chief economist Jan Hatzius expects the AI investment peak in late 2026 or early 2027. Alphabet's shares fell more than 10 % after hours, erasing over 400 billion USD in market value, while Microsoft's shares rose 3.5 %.