Oil prices fell 14% last year, yet integrated majors TotalEnergies (TTE), Chevron (CVX) and Exxon Mobil (XOM) kept raising dividends, helped by refining, chemicals and other businesses beyond the wellhead. Chevron yields 2.98% on a $1.78 quarterly dividend, its 39th straight annual increase, and generated $18.10 billion of free cash flow in Q2 2026 with low debt. However, its $7.12 annualized dividend exceeds 2025 EPS of $6.63, which the article flags as a risk if oil stays weak. Exxon Mobil yields 2.41% with 43 consecutive years of dividend growth and a debt-to-equity ratio of 0.168, the lowest of the three. The article also notes that quarterly results can swing sharply, including a $3.88 billion derivative-timing hit in Q1 2026 that left net income at $4.18 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: These 3 Oil Giants Make Money Beyond the Wellhead. That’s Good News for Dividends
Read the original on Yahoo Finance ↗
Related news
- Alphabet vs. Meta Platforms: Here's What Revenue Trends Tell Investors About These Media Giants Turned Artificial Intelligence Companies
Alphabet earns most of its revenue from digital advertising on Google search and video platforms, and between July and October 2026 it launched the Pixel 11 hardware series while facing a proposed antitrust remedy framework from the U.S. Department of Justice over its search business. Meta Platforms earns from targeted ads across its social media apps, and in the same period it debuted consumer Meta VR Glasses while the UK Office of Communications opened a formal investigation into the child safety assessment practices of its apps. The article notes both companies depend heavily on advertising, see revenue spikes in the fourth quarter, and are using AI in their ad platforms. Meta is projected to surpass Alphabet in advertising revenue for the first time in 2026, with global ad sales expected at $243.46 billion versus Google's projected $239.54 billion, a result the article says would validate Meta's AI automation investments.
- These S&P 500 Stocks Are Down More Than 80% From Their All-Time Highs. Could They Be Good Contrarian Buys?
The article examines three S&P 500 stocks down more than 80% from their all-time highs: Nike (NKE), PayPal (PYPL) and PG&E (PCG). Nike is down about 81% from its peak, including 45% in 2026 alone, after fiscal first-quarter 2027 revenue fell 4% to $11.2 billion and full-year sales are expected to decline at a high-single-digit rate; the author would avoid it. PayPal, down about 82%, still grew transaction revenue 5% year over year in the June quarter, holds around 45% of the online payments market, and trades at nine times estimated future earnings, which the author suggests may make it worth buying on weakness. PG&E, also down about 82%, has struggled since its 2017 sell-off over reports linking its equipment to wildfires and the lawsuits that followed, though it has risen 28% over five years; at seven times expected earnings, the author avoids it due to uncertainty over state wildfire liability protection.
- Nigeria Fiscal Crisis Forced Us to Be Creative, Look Beyond Oil Revenues - Cardoso
Central Bank of Nigeria Governor Olayemi Cardoso said on a World Bank/IMF panel in Bangkok that the fiscal crisis forced policymakers to be creative in revenue generation and stabilisation. He said that when the new administration took office, external reserves had dropped to about $3 billion and the country owed about $7 billion in sundry obligations, and orthodox monetary policy helped repay debt and stabilise the economy. He argued that reliance on oil revenue was unsustainable, so the CBN looked to the diaspora and international remittances to ease capital flow and is now focused on value addition, citing the Dangote Refinery. Gross external reserves now stand at $55.1 billion and net reserves at about $46 billion. The debate, which featured IMF Managing Director Kristalina Georgieva and Kyriakos Pierrakakis, Minister of Economy and Finance of the Hellenic Republic, explored how economies can stay resilient amid a fragmented global landscape.
- Can You Make Money Off Netflix Stock Now?
Netflix shares have dropped 12% since mid-September from a recent high of $80.32, after Wells Fargo downgraded the stock on September 18 over concerns about engagement and content. View hours grew 2% in the first half of 2026, versus 1.5% in 2025. Since 2010, the stock has fallen 20% or more within 30 trading days on 16 occasions; at the median, a $10,000 investment made on the day of a drop was worth about $14,100 a year later, though buyers typically faced a further median fall of 17% first. Netflix still keeps 29.7% of sales as operating profit, versus 18.5% for the S&P 500, and trades at 21.7 times earnings against 21.9 for the index. However, revenue growth slowed to 13.4% in the latest quarter from 16.2% before, and the article says revenue growth in the report expected around October 20, 2026 is the key figure to watch.
- Don’t ditch tech stocks just yet. Make these moves to take advantage of the latest AI reset.
- You Are 68 and a $40,000 Expense Lands in Three Years? These 3 ETFs Are Where That Money Should Sit Until Then
The article argues that for a $40,000 expense due in three years, preservation matters most, so money should sit in funds matched to the payment date. It names three Treasury funds: BILS (3–12 month T-bills, adjusted one-year return about 3.59%), VGSH (1–3 year Treasuries, 0.03% expense ratio) and STIP (TIPS under five years, principal adjusted with CPI, adjusted one-year return about 1.68%). It notes that funds have no maturity date and so do not guarantee a fixed amount on a fixed day, unlike individual Treasuries or CDs. Each fund can still lose value, and VGSH and STIP have recently trailed BILS because rate moves hit longer maturities harder.
Related markets
Latest news
- Anthropic Gives 5% of Itself to the Public. Musk Answers by Giving Away SpaceX Shares
Anthropic will commit 5% of its shares to a new Public Benefit Fund, subject to stockholder approval, and says roughly 20% of its stock will go to public causes once co-founder and employee pledges are counted. Elon Musk responded by promising one SpaceX share to every U.S. child next year, a giveaway worth more than $10 billion at current prices. The fund follows a draft AI safety bill Anthropic pitched to lawmakers, which would let the government block models posing a risk of killing or injuring more than 50 people or causing over $1 billion in damage. Anthropic is preparing an IPO as soon as November at a reported valuation of around $2 trillion, which would put its 5% stake at about $100 billion on paper rather than in cash. The fund is a wholly owned LLC rather than a nonprofit, and it cannot be used for lobbying or political donations.
- Power company announces an important decision
CTCP Nhiệt điện Quảng Ninh (QTP) says its board approved the EPC contract for package 05 of its flue gas treatment upgrade project, signed with the SEC-Pacific joint venture of Shanghai Electric Group and CTCP Tập đoàn Thái Bình Dương on a fixed-price basis. The contract is worth over 89.75 million USD and nearly 902 billion VND, about 3,271 billion VND in total, with 38 months to complete. SEC-Pacific was the only bidder to pass technical evaluation, as rival CISDI failed to reach the minimum score. The company has also appointed two deputy general directors this year, Nguyễn Công Kiên from 12/8/2026 and Dương Thành Công from 16/10/2026, after former board member Lê Việt Cường was arrested in February 2026 over alleged forgery of documents. For the first six months of 2026, net revenue reached nearly 6,359 billion VND, up over 10%, and profit after tax about 524 billion VND, up over 44%, already exceeding its full-year 2026 profit plan.
- Aeroméxico Reports Unaudited Third Quarter 2026 Results
Aeroméxico reported unaudited third-quarter 2026 results, with record revenue of $1.6 billion, up 13.6% year over year, driven by international passenger demand, premium cabins, loyalty and cargo, which grew 15.8%. Fuel expense rose 57.6% to $469.0 million as jet fuel prices hit historic highs, but adjusted EBITDAR reached $389.2 million, a 24.0% margin, and operating income was $189.6 million, an 11.7% margin. The company recognized $48.7 million from an updated loyalty program breakage estimate, its first such alignment since 2018. Management expects fourth-quarter revenue to grow about 15% year over year, assuming an average all-in fuel price of about $4.5 per gallon and an exchange rate of 18.0 Mexican pesos per U.S. dollar.
- Why Berkshire's Latest Move Proves It's Not Really a Warren Buffett Company Anymore
Greg Abel took over as Berkshire Hathaway CEO at the start of 2026, though Warren Buffett and Abel are reportedly in regular contact on investment decisions. Berkshire has taken a stake in Milan-based Bending Spoons, investing $600 million in its IPO over the summer and adding $330 million since, a position of about 0.4% of its portfolio. The author argues this is out of character for Buffett, who was skeptical of acquisitive companies and prefers consistent, predictable earnings, while Bending Spoons buys and turns around troubled software businesses. The author sees the move as a possible turning point toward more risk-taking and tech investment under Abel, and suggests a wait-and-see approach to the stock until his investment choices become clearer.
- Solana treasury firm SkyAI sells all SOL holdings, launches $201M buyback
SkyAI, formerly Sharps Technology, has sold its entire Solana (SOL) treasury and launched a tender offer to buy back up to $201.3 million of shares and warrants, reversing its crypto accumulation strategy. As of Oct. 16 the company held about $223.8 million in cash, and the offer covers up to 95% of each class of shares and warrants at a fixed price, no longer tied to SOL's price as originally planned. The company says it will keep building a financial platform that combines stablecoin infrastructure on Solana with artificial intelligence. The strategy began in August 2025 after a private placement of more than $400 million, and by the end of 2025 it had produced about $153 million in unrealized losses. SkyAI shares closed Monday at $2.79, up 5.3% on the day.
- Tech stocks had a nice oversold bounce on Monday. Earnings this week will determine if it's for real
The S&P 500 and Nasdaq Composite rallied Monday as AI and chip stocks rebounded, with the iShares Semiconductor ETF (SOXX) on pace to snap a nine-day slump and the iShares MSCI South Korea ETF (EWY) up 4%. Last week, the S&P 500 fell nearly 2%, its worst weekly decline since late June, while the Nasdaq Composite dropped 4.5%. Whether the rebound lasts will depend largely on results from big tech names such as Meta and Tesla, as well as SpaceX, which reports after the bell Tuesday. Of the 47 S&P 500 companies that have reported third-quarter results, 85% have beaten expectations, but most tech earnings are still to come. Sameer Samana of Wells Fargo Investment Institute sees the AI selloff as a 'reality check' rather than a full-blown unraveling, though pressure may last through the midterms.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.