Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend"
Published . Updated .
International oil prices climbed amid Middle East conflict, driving combined third-quarter net profit at BP, Chevron, Exxon Mobil, Shell and…
Directly affected
- CVX Chevron+15.7% 30d
Named in this report.
- XOM ExxonMobil Holdings+13.4% 16d
Named in this report.
- SHEL Shell+0.1% 13d
Named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+1.5% 30d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- BP BP p.l.c+5.4% 15d
BP p.l.c (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- MPC Marathon Petroleum+13.1% 9d
Marathon Petroleum (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FRO Frontline
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| SHEL | -1.66% | -3.31% | base | after close | after close | after close | after close |
| USO | -1.54% | -1.29% | base | after close | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| COP | -1.71% | -3.24% | base | after close | after close | after close | after close |
| OXY | +0.13% | -1.75% | base | after close | after close | after close | after close |
| BPNo price data for this ticker | — | — | — | — | — | — | — |
| MPC | +5.85% | -0.90% | base | after close | after close | after close | after close |
| FRONo price data for this ticker | — | — | — | — | — | — | — |
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.
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Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend" BigGo Finance
Source: BigGo Finance
United States Oil Fund (USO) compared with energy stocks (XLE) since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | three days earlier | -3.24% | final price |
| Conocophillips (COP) | five days earlier | -1.71% | final price |
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| MPC | three days earlier | -0.90% | final price |
| MPC | five days earlier | +5.85% | final price |
| OXY | three days earlier | -1.75% | final price |
| OXY | five days earlier | +0.13% | final price |
| Shell (SHEL) | three days earlier | -3.31% | final price |
| Shell (SHEL) | five days earlier | -1.66% | final price |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 19 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 40 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 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 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 63 days before publication. Filed 25 Sep 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 68 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 70 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 73 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 15 Oct 2026. That is 18 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 41 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 31 days before publication. Filed 27 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).
Middle East, seven days against thirty
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend"” is tagged to Middle East.
Who gains and who loses around United States Oil Fund (USO)
The side that tends to collect
- XOM ExxonMobil Holdings
In “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend",” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend",” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend".” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend".” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- TIP Ishares Tr
In “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend",” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “prices surge” (inflation and prices) in this story
- COP Conocophillips
In “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend",” 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 “oil” (oil) in this story
What Middle East means for United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend",” the 2 Nov 2026 Middle East story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Oil Prices Surge Past $100, Big Five Oil Majors Rake In NT$1.8 Trillion in Q3 Profits — Yet Rarely "Dare Not Spend"” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.