Besieged by war, Saudi Aramco continues to gush profits
Published . Updated .
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This report is about oil and defense.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “aramco” (oil) in this story.
- XLE Energy Select Sector SPDR+8.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+0.3% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “aramco” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF-8.2% 30d
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- XOM ExxonMobil Holdings+6.2% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story.
- CVX Chevron+12.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story.
- COP ConocoPhillips+4.8% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +4.37% | +7.30% | base | +1.03% | after close | after close | after close |
| XLE | +1.44% | +2.16% | base | -0.60% | after close | after close | after close |
| ITA | -3.96% | -0.11% | base | +1.03% | after close | after close | after close |
| BWET | -1.54% | +2.86% | base | -7.81% | after close | after close | after close |
| KSA | +1.02% | +0.47% | base | +0.15% | after close | after close | after close |
| XOM | +0.06% | +1.89% | base | -0.98% | after close | after close | after close |
| CVX | +0.19% | +1.58% | base | -0.96% | after close | after close | after close |
| COP | +0.74% | +2.12% | base | -1.72% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Besieged by war, Saudi Aramco continues to gush profits The Economist
Source: The Economist
ExxonMobil Holdings (XOM) compared with industrial stocks (XLI) since 3 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -7.81% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +2.86% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -1.54% | final price |
| Conocophillips (COP) | that day | -1.72% | still updating |
| Conocophillips (COP) | three days earlier | +2.12% | final price |
| Conocophillips (COP) | five days earlier | +0.74% | final price |
| Chevron (CVX) | that day | -0.96% | still updating |
| Chevron (CVX) | three days earlier | +1.58% | final price |
| Chevron (CVX) | five days earlier | +0.19% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | +1.03% | still updating |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -0.11% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -3.96% | final price |
| Ishares Msci Saudi Arabia Etf (KSA) | that day | +0.15% | still updating |
| Ishares Msci Saudi Arabia Etf (KSA) | three days earlier | +0.47% | final price |
| Ishares Msci Saudi Arabia Etf (KSA) | five days earlier | +1.02% | final price |
| United States Oil Fund (USO) | that day | +1.03% | still updating |
| United States Oil Fund (USO) | three days earlier | +7.30% | final price |
| United States Oil Fund (USO) | five days earlier | +4.37% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.60% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +2.16% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +1.44% | final price |
| ExxonMobil Holdings (XOM) | that day | -0.98% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +1.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.06% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 20 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 64 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 20 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 41 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 71 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 74 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
ExxonMobil Holdings (XOM) on one side of this defense story
Companies carried with this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Besieged by war, Saudi Aramco continues to gush profits.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
- CVX Chevron
For “Besieged by war, Saudi Aramco continues to gush profits,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
- COP Conocophillips
For “Besieged by war, Saudi Aramco continues to gush profits,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Besieged by war, Saudi Aramco continues to gush profits.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “aramco” (oil) in this story
- XLE Select Sector Spdr Tr
In “Besieged by war, Saudi Aramco continues to gush profits,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “aramco” (oil) in this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Besieged by war, Saudi Aramco continues to gush profits,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- BWET Amplify Commodity Trust
In “Besieged by war, Saudi Aramco continues to gush profits,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “aramco” (tanker shipping) in this story
- KSA Ishares Msci Saudi Arabia Etf
For “Besieged by war, Saudi Aramco continues to gush profits,” Ishares Msci Saudi Arabia Etf (KSA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”)
ExxonMobil Holdings (XOM) and the defense link
The 3 Nov 2026 story “Besieged by war, Saudi Aramco continues to gush profits” names ExxonMobil Holdings (XOM) because of Defense.
What ties ExxonMobil Holdings (XOM) to the headline is this: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
A second company, Chevron (CVX), is listed for a different reason: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “aramco” (oil) in this story
Dates and price levels for ExxonMobil Holdings (XOM)
COP traded between 127.24 and 152.76 across 17 sessions. The latest close on file is 147.96. CVX traded between 204.86 and 236.45 across 20 sessions. The latest close on file is 227.84. XOM traded between 172.72 and 188.47 across 15 sessions. The latest close on file is 179.77.
What the saved facts support for ExxonMobil Holdings (XOM)
46 out of 100Price not final
“Besieged by war, Saudi Aramco continues to gush profits” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.