Avi Salzman

For months, announcements about potential deals for energy providers to power the tech industry's AI data centers have sent stocks of the energy companies soaring.

Exxon is expected to post its strongest earnings and free cash flow since 2022, leaving investors focused on how the oil giant deploys its windfall.

Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.

The Iran war is providing a major boost to Chevron's earnings. Investors will get a taste on Friday of how the company plans to use all that cash when it reports second-quarter earnings.

ExxonMobil is on track to more than double its second-quarter earnings from a year ago when it reports on Friday, a windfall driven mostly by the Iran war.

ExxonMobil shares fell early Friday after the oil company reported second-quarter earnings narrowly short of Wall Street’s forecasts. Analysts had expected Exxon to post earnings of $3.56 a share on sales of $109.9 billion. Exxon shares were down 1.7% in premarket trading.

Chevron's earnings per share more than tripled in the second quarter, as the company pumped out more fuel than ever from its refineries and benefited from sharply rising oil prices because of the Iran War.

ExxonMobil shares fell early Friday after the oil company reported second-quarter earnings narrowly short of Wall Street’s forecasts. Analysts had expected Exxon to post earnings of $3.56 a share on sales of $109.9 billion. Exxon shares were down 2.5% in premarket trading.

Westinghouse Electric says it plans to start construction on 10 new reactors in the U.S. by 2030. Its IPO could be a blockbuster.

Westinghouse Electric, the nuclear developer behind America's most advanced large reactor design, plans to go public, the company said on Friday.