Exxon, Chevron Warn Fuel Prices to Endure as War Knocks Refining
(Bloomberg) -- High fuel prices are likely to stick around even if oil prices drop in the coming months as the wars in Russia and Middle East leave global refining capacity critically short, ExxonMobil Holdings Corp. and Chevron Corp. warned. Most Read from BloombergSingapore's Gated Island for the Rich Is Marred by Decayed HomesMoonshot’s Kimi Uses 20,000 Nvidia Chip Cluster From AlibabaTrump Orders Iran Attack as Soon as This Weekend, WSJ SaysIndia’s Family Offices Embrace Profit-Sharing to At
Valero Energy Q2 Earnings Call Highlights
Valero Energy (NYSE:VLO) reported second-quarter 2026 net income attributable to stockholders of $3.7 billion, or $12.62 per share, compared with $714 million, or $2.28 per share, a year earlier, as refining, renewable diesel and ethanol operations all posted stronger results. Adjusted net income w
PBF Energy Q2 Earnings Call Highlights
PBF Energy (NYSE:PBF) reported second-quarter adjusted net income of $6.22 per share and adjusted EBITDA of $1.24 billion, as management pointed to strong refined-product markets, low inventories and global supply disruptions as key drivers of the quarter. Chief Executive Officer Matt Lucey said di
InsCorp, Inc. Reports Results for 2Q26
(OTCQX:IBTN) InsCorp, Inc. reported fully diluted earnings per share ("EPS") of $0.72 in 2Q26 compared to $0.63 in 1Q26 and $0.71 in 2Q25. The company declared a cash dividend of $0.12 per common share for 3Q26, with an annualized quarterly dividend rate of $0.48 per share, representing an increase of 9% compared to $0.44 per share paid in 2025. Average earning asset growth was 16% year-over-year (Y/Y), or $139 million, with average loan growth of 13% Y/Y ($107 million) and average deposit growth of 15% Y/Y ($116 million) in 2Q26. Net interest income increased 14% Y/Y to $8.1 million in 2Q26 versus $7.1 million in 2Q25, while noninterest income dropped by $257,000 Y/Y to $337,000 in 2Q26. The loan-to-deposit ratio was 100% at 2Q26-end, and the tangible book value per share increased by 4% Y/Y to $26.57 as of June 30, 2026. The Board of Directors approved the payment of the quarterly dividend on September 4, 2026, to shareholders of record on August 14, 2026. The company projects that the net interest margin (NIM) is projected to gradually increase from the current level, assuming no change to the Fed Funds target rate and a static balance sheet.