Exxon Mobil: Impressive Earnings
Something unusual is happening among the energy giants.
Exxon Mobil's refining operations have just generated more profits than its oil production business.
$9.1 billion from refining (up from $4.1 billion), compared with $7.3 billion from oil production (down 20%).
The key takeaways:
The reason: Lower revenue from Brent crude was offset by the ability to turn crude oil into diesel.
U.S. refineries operated at 100% capacity, filling the gap left by Europe, where 25% of refining capacity has been shut down.
The numbers:
Adjusted earnings of $19.1 billion, versus analyst expectations of $16.6 billion.
Free cash flow of $19.1 billion, with $9.4 billion returned to shareholders and a target of $20 billion in share buybacks for 2027.
The trend: We saw the same refining pattern across other major oil companies, including Shell, TotalEnergies and BP.
Exxon Mobil continues to execute its strategy.
Coca-Cola: Excellent Results
For Q3 2026, the company not only beat Wall Street
expectations but also raised its full-year guidance for the third consecutive quarter.
What caught my attention was that revenue growth was driven primarily by higher sales volumes rather than price increases.
The takeaway
When we see a giant corporation generating growth through organic volume expansion rather than inflated prices driven by inflation, it suggests that the company is gaining market share.
Coca-Cola continues to prove why it deserves its blue-chip status after all these years.
Week Ahead
Another important week is coming up.
Monday: All eyes are on Apple and Palantir.
Tuesday: A busy day featuring AMD, Shopify, Pfizer, Super Micro Computer and Eaton.
Wednesday: Attention turns to Uber, Qualcomm and Arm.
Thursday: The week continues at full speed with Cloudflare, Lumentum, Applied Optoelectronics and IREN.
Friday: Moderna and Oklo.
We also have the U.S. Midterm Elections on Tuesday.