ExxonMobil

So why is this happening? Well, this is all about local refinery issues.

In particular, the ExxonMobil refinery in Joliet, Illinois, is suffering an outage.

Exxon confirms to CNN that, yes, they are experiencing ongoing operational issues, but the company hasn't specified exactly what has gone wrong, nor have they provided any sort of timeframe for when it'll get back to normal.

But look, this is just compounding the global refinery shortage situation.

You keep in mind, in the early years of Putin's presidency, they tried to, you know, the oligarchic class that was created in the wake of the fall of the USSR was almost exclusively Jewish.

And if you remember Mikhail Khodorkovsky, the oil magnate, you know, he was one of the most corrupt billionaire at like, you know, 30, was arrested on his way to sell Siberian oil fields to ExxonMobil.

Putin says, it doesn't, I mean, there's a million reasons we have to arrest this guy.

But if those fields would have been sold to not only a foreign but a hostile power, Russian sovereignty couldn't have existed.

Oh, yeah.

The CEO of ExxonMobil got $100 million richer.

Oh, yeah, take that, libs, as you pay $6 for gas, you fucking morons.

And you're clapping.

What does, how complicit is Jared Kushner in the treason? And, you know, when you talk about treason, you got to wonder like, are we, are we kind of, is this hyperbole here? Well, treason is the crime of betraying one's country or government specifically by levying war against it or giving aid and comfort to its enemies.

Isn't this aid and comfort to the enemies? Sheldon Whitehouse said the Russian smell of this Alaska fossil fuel deal was so bad that even former Exxon people bailed from the company.

The smell of Russia permeates the corrupt Trump administration.

And it's like, look, nothing against Russian people here, but there's a reason why there's economic pressure to not do business with them.

And also, they're an incredible takeover candidate.

Exxon or Chevron or one of the big diversified players should buy them right now for a 40% premium and never look back.

They're just a great asset.

The problem is, though, it's you know, that one's up about almost 20 percent year to date.

Baker Hughes reports Wednesday, Chenier on Thursday.

On Friday, the oil majors Exxon, which is at an all-time high today, by the way, and Chevron, which might be as well.

So what type of volatility should we expect? Oliver Renick has been following the action.

Hi, Oliver.

Listen to this.

ExxonMobil reported a $14.5 billion second quarter profits, double its earnings from the previous year.

Chevron even more so.

They reported $12 billion, which is up from $2.5 billion in 2025, a staggering 380% increase in profits.

And for Trump, nothing exists except for that mirror that he's holding up to his face and admiring himself.

He is so narcissistic that it has blinded him to everything else that is happening.

In August, he criticized ExxonMobil and Chevron for profiting excessively.

They're making too much money, he said.

That's CNBC's Kate Rooney.

Companies whose shares hit fresh all-time highs Monday include Chevron and Exxon.

Oil prices above $100 a barrel for U.S. crude at $102.

Brent crude, the world's benchmark, at $116 a barrel.

You keep in mind, in the early years of Putin's presidency, they tried to, you know, the oligarchic class that was created in the wake of the fall of the USSR was almost exclusively Jewish.

And if you remember Mikhail Khodorkovsky, the oil magnate, you know, he was one of the most corrupt billionaire at like, you know, 30, was arrested on his way to sell Siberian oil fields to ExxonMobil.

Putin says, it doesn't, I mean, there's a million reasons we have to arrest this guy.

But if those fields would have been sold to not only a foreign but a hostile power, Russian sovereignty couldn't have existed.