What’s News in Earnings: Oil Companies Look Forward to a Windfall

Bonus Episode for May 5. Financial results from U.S. oil companies Exxon Mobil, Chevron and ConocoPhillips show how oil companies expect to reap the benefits of a surge in oil prices due to the Iran war. Wall Street Journal oil reporter Collin Eaton discusses why that doesn’t necessarily mean more investment in the oil patch. Benoît Morenne, who covers the oil-and-gas industry, hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter.