Exxon, Chevron report massive profits as Trump brags energy companies are ‘making a freakin fortune’

fortune.com · 2026-10-30

Wars and geopolitical risks prove profitable although Big Oil eyes more long-term certainty.

TickrTrends take: Major energy companies including Exxon and Chevron have reported strong profit results, which provides context for evaluating PSX's current valuation metrics within the sector. TickrTrends currently indicates PSX is undervalued relative to its fundamentals, suggesting the market may not be fully pricing in the profitability trends seen across comparable energy firms. Given the sector-wide profit environment, investors tracking valuation should monitor whether PSX's earnings trajectory aligns with peers and whether market conditions continue supporting the energy sector's current performance levels.

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