Brent Crude Surges 85% Since January; OXY Outperforms XOM and CVX
Brent crude oil prices have risen by 85% in 2026, driven largely by geopolitical tensions in the Middle East. Occidental Petroleum (OXY) outperformed expectations with Q1 earnings of $1.06 per share compared to a forecasted $0.59, while ExxonMobil (XOM) and Chevron (CVX) also beat estimates but faced challenges from hedging strategies and regional exposure.
Topics: commodities crude_oil_prices energy stock_performance