Q3 2026 Earnings: Energy & Diversified Beat Season
ExxonMobil, Chevron, General Dynamics, Regeneron, Rivian, Colgate, and nVent all beat Q3 estimates, while Big Tech shed ~$900B in market cap due to surging AI capex. LyondellBasell was a notable miss.
What we know
ExxonMobil beat on EPS ($4.23 vs $4.08 est) and raised its dividend to $1.07/share. Chevron beat with EPS $5.28 vs $4.89 est and revenue $67.80B vs $61.62B est — CEO Mike Wirth speaking exclusively on CNBC about conflict zone shipping impacts. Regeneron crushed estimates: EPS $20.07 vs $16.24, revenue +36% YoY. Rivian surged +9% with its R2 becoming best-selling vehicle. General Dynamics beat across the board. Contrast: the FT reports Big Tech lost ~$900B in market value as AI spending turns profitable businesses into 'cash incinerators.'
Sources
“Big Tech companies lost nearly $900bn in market value after another sharp rise in their spending”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.