Exxon (XOM), Chevron (CVX) Q1 2026 earnings
The Exxon oil refinery in Baytown, Texas, US, on Thursday, March 5, 2026. Mark Felix | Bloomberg | Getty Images Surging oil costs because of the Iran struggle didn’t lead to a windfall for Exxon Mobil and Chevron within the first quarter. The two largest US oil corporations reported earnings on Friday that fell dramatically…