What’s News in Earnings: Oil Companies Look Forward to a Windfall
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 5 May 2026
⏱️ 6 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I think the potential of Agenic is to rethink how work gets done overall. |
| 0:05.0 | It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand. |
| 0:11.3 | That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI. |
| 0:17.9 | Join him later to learn why agents are a game changer for businesses across industries. |
| 0:27.1 | Hey listeners, it's Tuesday, May 5th. I'm Benoit, Moran, for the Wall Street Journal. |
| 0:32.5 | And this is what's news in earnings, or look at some of the biggest themes standing out this |
| 0:36.7 | earnings season. And, well, it's been a roller coaster of a quarter for oil companies. They entered it concern |
| 0:43.6 | about an oversupply of oil in global markets, but the Iran war and the closure of the Strait |
| 0:49.0 | of Aramuz mean the world is now short, crude, and other petroleum products. Oil prices of jumps and |
| 0:56.8 | Exxon and Chevron both beat Wall Street's expectations. But the big picture is murky. The Trump |
| 1:04.6 | administration and Iran are fighting for control of this trade and American producers don't know |
| 1:10.3 | how and when this ends. And because producers don't know how and when this ends. |
| 1:12.7 | And because they don't know how sustainable the rising prices will be, they're not ready |
| 1:17.1 | to pump much more oil than they are, at least for now. |
| 1:24.0 | We're joined now by Wall Street Journal Energy reporter Colin Eaton, who covers big oil. |
| 1:29.7 | So, Colin, oil prices surged this quarter on the back of the Iran War. |
| 1:35.6 | Did that translate into a windfall for Exxon, Sheron, and the other majors? |
| 1:40.0 | So it definitely patted their caste position. |
| 1:44.1 | Exxon, for example, the cash flow from its operations in places like West Texas and Guyana, that all added up to almost $14 billion. |
| 1:56.4 | That's higher than the company's quarterly average for the past three years. |
| 2:00.8 | And higher oil and gas prices definitely will keep boosting their profits as long as the |
| 2:07.9 | straight of her moves is blocked. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

