Chevron's 52-week high reflects three Venezuela JVs that grew production to 250,000 barrels daily, not the private company's 65-billion-barrel headline lease.
CVX's core thesis rests on Permian scale, Guyana's Stabroek block, and a 20-year Microsoft power purchase agreement, while Venezuela represents pure upside optionality.
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Venezuela reportedly lays claim to over 300 billion barrels of proven oil reserves, and the U.S. has set its sights on more of them.
Bloomberg News correspondent Tyler Kendall reported from Caracas this week that the headline prize of Washington's Venezuela deal, a 100-year lease on 17 strategic oil fields holding a claimed 65 billion barrels, went to a private, non-supermajor bidder: North American Blue Energy Partners, a private company that cannot develop the fields alone and has yet to sign on producing partners. Meanwhile, Chevron (NYSE:CVX) stock just printed a fresh 52-week high at $212.79 on a separate, parallel Venezuela commitment. The two developments deserve to be evaluated separately.

#barrels #lease #year

First Eagle Investment Management, an investment management company, released its Q2 2026 investor update for "First Eagle Global Fund". The letter can be downloaded here. Easing tensions in the Middle East led to a strong rally in risk markets in Q2. The S&P 500 Index rose 15.2%, while the MSCI EAFE Index gained 10.8%. Growth stocks outperformed, with the MSCI World Growth Index significantly exceeding value returns. A notable shift in U.S. interest rate expectations followed Kevin Warsh's appointment as chair of the Federal Open Market Committee, pushing Treasury yields higher and strengthening the dollar. Despite the optimistic market environment, concerns about fiscal constraints and limited policy flexibility remain. Tighter credit spreads and elevated equity valuations reflect strong demand for financial ***** ets, with household wealth in equities at a post-WWII high. Earnings expectations are buoyant, driven by AI infrastructure developments. Against this backdrop, Global Fund A Shares returned 2.86% in Q2 2026, with emerging markets and developed Europe as the primary contributors. Developed Asia (excluding ***** an) was the only detractor, and ***** an lagged. Information technology and financials led among equity sectors, while materials and energy detracted. The fund underperformed relative to the MSCI World Index during this period. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, First Eagle Global Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading US-based crude oil and natural gas exploration and production company. On August 31, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $160.95 per share. Over the past month, ExxonMobil Holdings Corporation (NYSE:XOM) returned 5.74%, and its shares are up 41.95% over the past year. ExxonMobil Holdings Corporation (NYSE:XOM) has a market capitalization of $661.81 billion.
First Eagle Global Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor letter:
"Shares of integrated oil and gas giant ExxonMobil Holdings Corporation (NYSE:XOM) traded down alongside easing crude oil prices. Although the company experienced disruptions in its Middle East operations, it reported better-than expected results for its most recent quarter because of improved production from ***** ets in Guyana and the Permian Basin. We continue to view Exxon as a high-quality operator with strong capital discipline, an attractive portfolio of durable ***** ets and a commitment to returning cash to shareholders."

#first

First Eagle Investment Management, an investment management company, released its Q2 2026 investor update for "First Eagle Global Fund". The letter can be downloaded here. Easing tensions in the Middle East led to a strong rally in risk markets in Q2. The S&P 500 Index rose 15.2%, while the MSCI EAFE Index gained 10.8%. Growth stocks outperformed, with the MSCI World Growth Index significantly exceeding value returns. A notable shift in U.S. interest rate expectations followed Kevin Warsh's appointment as chair of the Federal Open Market Committee, pushing Treasury yields higher and strengthening the dollar. Despite the optimistic market environment, concerns about fiscal constraints and limited policy flexibility remain. Tighter credit spreads and elevated equity valuations reflect strong demand for financial ***** ets, with household wealth in equities at a post-WWII high. Earnings expectations are buoyant, driven by AI infrastructure developments. Against this backdrop, Global Fund A Shares returned 2.86% in Q2 2026, with emerging markets and developed Europe as the primary contributors. Developed Asia (excluding ***** an) was the only detractor, and ***** an lagged. Information technology and financials led among equity sectors, while materials and energy detracted. The fund underperformed relative to the MSCI World Index during this period. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, First Eagle Global Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading US-based crude oil and natural gas exploration and production company. On August 31, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $160.95 per share. Over the past month, ExxonMobil Holdings Corporation (NYSE:XOM) returned 5.74%, and its shares are up 41.95% over the past year. ExxonMobil Holdings Corporation (NYSE:XOM) has a market capitalization of $661.81 billion.
First Eagle Global Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor letter:
"Shares of integrated oil and gas giant ExxonMobil Holdings Corporation (NYSE:XOM) traded down alongside easing crude oil prices. Although the company experienced disruptions in its Middle East operations, it reported better-than expected results for its most recent quarter because of improved production from ***** ets in Guyana and the Permian Basin. We continue to view Exxon as a high-quality operator with strong capital discipline, an attractive portfolio of durable ***** ets and a commitment to returning cash to shareholders."

#fund #msci

ExxonMobil (NYSE: XOM) technically missed Wall Street's expectations for the second quarter. Adjusted earnings came in at $3.52 per share, just below the consensus estimate of $3.60. That was enough to trigger a negative reaction. But focusing only on the earnings miss overlooks what was arguably one of ExxonMobil's strongest operating quarters in years.
The company reported $14.5 billion in earnings and $14.7 billion in adjusted earnings, its highest quarterly earnings in roughly four years. ExxonMobil also generated $23.6 billion in cash flow from operations and $17.2 billion in free cash flow, giving it plenty of room to continue investing in growth while returning cash to shareholders.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Perhaps the most encouraging numbers weren't on the income statement at all. Exxon delivered its highest upstream production in more than two decades, excluding temporary Middle East disruptions. Production in the Permian Basin reached a record 1.8 million barrels of oil equivalent per day, while the company's fifth floating production vessel for Guyana is scheduled to begin operations in the fourth quarter, adding another 250,000 barrels per day of production capacity.
The downstream business also performed well. Exxon reported record diesel production, helping offset refinery maintenance earlier in the year. Chemical products earned $1.13 billion, while the Energy Products segment rebounded sharply to $5.47 billion after posting a loss during the previous quarter.

#billion #production #cash

ExxonMobil's latest earnings call forced management to explain a strange problem: why its best project is so successful that the company's share of the oil is now falling.
After a large 56% run over the past year, ExxonMobil (XOM) shareholders are accustomed to good news. So on its latest call, management had to explain a counterintuitive development in its crown jewel ****** et, Guyana. The project is so successful and has paid back its investment so far ahead of schedule that Exxon's share of the oil is now set to decline, forcing ****** ysts to question if this signals peaking growth or the start of an even more profitable phase for the company.
A Victim of Its Own Success?
The core worry is straightforward. In Guyana, Exxon has recovered its initial investment costs "nearly two years earlier than anticipated," a stunning success that triggered a shift in the production-sharing contract. This means the government of Guyana now gets a larger slice of the pie, and Exxon's entitled volume of oil shrinks. For a stock that has been rewarded for growth, seeing your share of the output fall in your star ****** et looks like a red flag, suggesting the growth story that powered the stock might be fading.
Management's response was to frame this as an unmitigated victory. The accelerated payback wasn't just due to high oil prices. The CFO pointed to a "2-year acceleration of our investment recovery" driven purely by stellar execution: building facilities at industry-leading cost and running them more reliably than planned. The message was that this isn't a problem to be managed, but a result to be celebrated, driven by operational excellence.

#investment #Growth #call #problem

ExxonMobil (NYSE:XOM) reported second-quarter 2026 results on July 31, and the headline number disappointed. Adjusted earnings came in at $3.52 per share, short of the $3.60 ***** ysts expected, even though that figure was up sharply from a year earlier. Reported earnings were $14.5 billion, or $3.48 per share. But the company also generated $23.6 billion in cash from operations and $17.2 billion in free cash flow, enough to fund $9.4 billion in shareholder distributions with room to spare. The miss made headlines. The cash didn't miss anything.
Exxon's operating results told a different story than the earnings line. The company posted its highest upstream production in more than two decades, excluding disruptions in the Middle East, and Permian output topped 1.8 million oil-equivalent barrels per day, a record pace consistent with its planned 9% annual growth rate through 2030. A fifth Guyana production vessel set sail during the quarter, with startup on track for the fourth quarter of 2026 and 250,000 barrels per day of new capacity coming online. Diesel production also hit a second-quarter record. None of that shows up directly in a per-share earnings number, but it is the foundation the company is building future cash flow on.
Cost discipline reinforced the picture. Exxon has now banked $16.3 billion in ***** ulative structural cost savings since 2019, including $1.2 billion added in the first half of 2026 alone, a total the company says exceeds what BP, Chevron, Shell, and TotalEnergies have saved combined. It kept investing anyway, spending $13.0 billion in cash capital expenditures through midyear, about 20% more than its nearest rival. Growing production while cutting costs is the combination that funds a rising dividend.
The earnings miss wasn't the only soft spot. The first quarter of 2026 generated just $2.7 billion in free cash flow against $9.2 billion in shareholder distributions, forcing Exxon to lean on its balance sheet, with debt-to-capital reaching 15.4% at the time. Zoom out to the full first half and the math is tighter than the strong second quarter suggests: $19.9 billion in free cash flow covered $18.6 billion in distributions, leaving only about $1.3 billion of cushion. The company reduced debt by $7 billion in the second quarter and brought net debt-to-capital down to 11%, but the episode is a reminder that commodity earnings swing hard from quarter to quarter, and the roughly $37 billion a year Exxon is committing to dividends and buybacks needs strong quarters to keep showing up.

#quarter #cash

The Global Super League (GSL) has made a comeback and is here to stay. This unique international T20 competition will be contested by some of the most prominent teams from different T20 domestic leagues around the globe.
Hosted by Guyana, the 2026 edition featured a packed schedule of 12 matches involving five teams. The tournament started on July 23 and concluded on August 2, with Guyana Amazon Warriors successfully defending their ***** le.
The global popularity of T20 leagues makes the Global Super League an exciting tournament to watch the action of overseas teams.
Here, The Sporting News has everything you need to know about Global Super League 2026, including teams, format and how to watch in India.
Add The Sporting News as a preferred news source

#super #here #tournament

Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry, particularly Suriname's emerging petroleum boom, which was delayed by conflicting drilling results and seismic data. The former Dutch colony is on the cusp of becoming South America's next major oil-producing nation.
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.

#south #World

Global Super League 2026: 47-year-old Imran Tahir stars as Guyana Amazon Warriors stage epic comeback to secure second consecutive GSL ****** le originally appeared on Cricket News. Add Cricket News as a Preferred Source by clicking here.
Guyana Amazon Warriors defend GSL ****** le, winning by six runs.
Team collapsed to 29/8 before recovering to post a modest 85.
Historic bowling effort restricts San Francisco Unicorns to just 79.
Guyana Amazon Warriors, led by 47-year-old Imran Tahir, pulled off a nail-biting six-run victory over San Francisco Unicorns in the Global Super League final, staged in Providence, Guyana, on Saturday.

#league #imran

Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry, particularly Suriname's emerging petroleum boom, which was delayed by conflicting drilling results and seismic data. The former Dutch colony is on the cusp of becoming South America's next major oil-producing nation.
Since 2019, Suriname's government in the capital Paramaribo has hungrily eyed Guyana's booming petroleum sector, which delivered a massive economic windfall for the former British colony. Five major oil discoveries in offshore Block 58, which started in 2020 with the Maka Central-1 exploration well, confirmed the presence of commercially exploitable hydrocarbons in Suriname's portion of the offshore Guyana-Suriname Basin.
After a series of delays, beginning in 2022, due to mismatched drilling results and seismic data along with a high gas-to-oil ratio, TotalEnergies, the operator of Block 58, approved a final investment decision (FID). TotalEnergies, which holds a 50% working interest in offshore Block 58, and 50% partner APA Corporation approved the development of the deepwater GranMorgu project. This changed the project's ownership structure. Forty percent was retained by the operator TotalEnergies with another 40% retained by APA, and the remainder granted to Staatsolie.
The state-controlled energy company's acquisition was in accordance with Staatsolie's rights set out in the production-sharing contract (PSC) for Block 52. The company used a $1.6 billion loan from a banking consortium and a March 2025 bond issue to finance the acquisition. Staatsolie's share of GranMorgu will multiply the earnings delivered to Paramaribo, which has been battling an economic crisis since 2021. Indeed, the situation was so severe that rioting engulfed parts of the capital and parliament was stormed by protestors in 2023.
GranMorgu, which will come online in 2028, is a game changer for an economically challenged Suriname. The project's floating production, storage and offloading unit (FPSO) vessel, on completion, will have capacity of 220,000 barrels per day.

#suriname #since #World #energy

ExxonMobil (NYSE:XOM) is one of the top energy names in President Donald Trump's financial disclosures from earlier this year. The stock is up about 27% so far this year. But does a presidential trade make it a buy today? Let's break down what's actually driving the stock.
Exxon benefits directly from rising oil prices amid the Iran war. Its upstream segment was projected to see a multibillion-dollar earnings lift for the second quarter compared to the first, driven almost entirely by higher realized prices rather than any change in production. That's the logic behind buying an oil major right as a Middle East conflict escalates.
Exxon's balance sheet gives it room to lean into higher prices. Net debt relative to EBITDA sits under 1x, among the lowest in the industry, and the company is on pace to repurchase roughly $20 billion of stock this year. Guyana production just hit a quarterly record above 900,000 barrels a day, and the company has applied to drill dozens more wells there.
In the Permian Basin, Exxon is now the largest operator following its Pioneer acquisition and expects to roughly double output there by 2030. Longer term, natural gas tied to data center power demand is another growth lever bulls point to, with McKinsey estimating data centers could eventually account for more than a tenth of total U.S. power demand.
There's a demand question sitting underneath the price spike. The IEA sees global oil demand softening this year, and even OPEC, which tends to run more optimistic, trimmed its own demand growth forecast. If the Iran-driven premium in oil prices fades if another ceasefire takes place, some of Exxon's near-term earnings boost fades with it.

#Iran #earnings

The EMA GARP Fund, managed by Equity Management ****** ociates, recently released its second-quarter investor letter for 2026. The letter can be downloaded here. The letter emphasizes that capital expenditures in artificial intelligence (AI) are driving growth and earnings, despite extreme valuations in the U.S. market, which resemble a bubble-like situation. It also discusses the impact of passive ETF flows, fiscal deficits, and inflationary policies. For the quarter, the Fund's value decreased by 20.00%, and it is down 21.96% for the first half of the year, even though AI and related growth stocks were prominent during Q2. Additionally, the firm identified precious metals miners as a potentially strong investment, noting that they are significantly undervalued and present substantial asymmetrical opportunities. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, the EMA GARP Fund highlighted Aris Mining Corporation (NYSE:ARIS). Aris Mining Corporation (NYSE:ARIS) is a Canadian gold miner that engages in the acquisition, exploration, development, and operation of gold properties. On July 27, 2026, Aris Mining Corporation (NYSE:ARIS) closed at $14.86 per share, reflecting a market capitalization of $3.06 billion. Aris Mining Corporation (NYSE:ARIS) posted a one-month return of -0.34%, while its shares gained 106.68% over the past 52 weeks.
The EMA GARP Fund stated the following regarding Aris Mining Corporation (NYSE:ARIS) in its Q2 2026 investor update:
"The miners are way, way too cheap at present gold and silver prices. And their earnings outlook is robust at higher bullion prices given the substantial operating leverage. Miner industry profitability is as good as it's been at any point in the last 25 years. Two Miner Case Studies are outlined – Aris Mining Corporation (NYSE:ARIS) and Avino. Crazy cheap and massive asymmetry.
Aris is an emerging mid-tier producer with two operating mines in Colombia (Marmato and Segovia) and two large development projects, one in Colombia and one in Guyana. In 2025, they produced 257,000 ounces of gold. Their average selling cost was $3,526/ounce and their average mining cost (AISC) was $1,705/ounce. So, their gross mine profit was $467 million. In 2026, they have guided production between 300,000 and 350,000 ounces at similar costs. The mid-point of guidance equals a 26% growth in ounces produced. They have plans to increase the production in the existing mines after 2026 and their target is to become a 1 million ounce producer within 5 years. In the Q1 2026, they generated EBITDA of $212 million (a run rate of $800 million per year which is the same as the Bloomberg consensus estimates). So, the Company is trading at only 3.75x EBITDA. This compares favorably to the average EBITDA multiple of the S&P 500 which is currently 17x and even more so compared to the MAG-7 stocks which trade at an average multiple of 28x..." (Click here to r

By Kemol King
GEORGETOWN, July 28 (Reuters) - The captain and two crew members of a passenger ferry in Guyana that ‌capsized were charged with murder on Tuesday, more than a ‌week after the disaster killed 73 people and left 30 others still missing.
The MV Barima, an 87-year-old ship, sank on July 18 while traveling from the capital, Georgetown, to the northwestern village of Port Kaituma.
Captain Kevin Price, 40, and crew members Rondell Dwayne Roberts, 42, and Delon Granderson, ‌33, appeared before a ⁠Georgetown court on murder charges, police said.
They were not required to enter pleas, and Reuters could not immediately ⁠contact the defendants or their representatives for comment.

#july #members #murder #kemol

Madison Dividend Income Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund aims to generate income and capital appreciation from a high-quality, high-dividend portfolio. The Fund (class I) returned +1.8% in the second quarter, which compared to the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group returns of +15.2%, +13.9%, and +9.7%, respectively. YTD, the Fund returned +7.7%, compared with +10.2%, +16.3%, and +9.9% for the indexes, respectively. The Technology sector performed strongly, while Energy lagged. The firm sees the Energy sector's decline as an opportunity to buy undervalued energy stocks with good dividends. With S&P 500 valuations at all-time highs, risks include market correction and multiple contraction. The Fund aims to mitigate these risks by maintaining a diversified mix of high-quality, high-yield stocks in undervalued sectors. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Madison Dividend Income Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading energy company that engages in the exploration and production of crude oil and natural gas. On July 21, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $151.71 per share, reflecting a market capitalization of $628.83 billion. ExxonMobil Holdings Corporation (NYSE:XOM) posted a one-month return of 10.82%, while its shares gained 38.01% over the past 52 weeks.
Madison Dividend Income Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor update:
"One of the fund's top holdings is ExxonMobil Holdings Corporation (NYSE:XOM). XOM is the world's premier integrated oil and gas company. It has attractive upstream exploration and production ******* ets in the low-cost Permian Basin and a unique, ultra-low-cost growth opportunity in Guyana, along with developing liquid natural gas (LNG) ******* ets for data centers. The company has a downstream Product Solutions segment that refines energy, chemical and specialty products. Its low-cost position, diversified ******* et base, scale, integrated ******* ets and strong balance sheet provide a sustainable competitive advantage, in our view.
XOM's five-year "Plan to 2030" provides a framework for higher growth and substantial capital returns. It targets 65% of upstream production from its "advantaged" ******* ets by 2030, up from 59% today, which will drive a favorable mix shift and expand margins. The company thinks it can add $25 billion in earnings and $35 billion in cash flow while keeping capital expenditures flat in the $22-27 billion range.

#holdings #income #energy #high

Energy stocks have regained momentum in 2026. Oil prices remain well above their long-term averages, global demand for liquefied natural gas (LNG) continues to grow, and electricity consumption is accelerating as artificial intelligence (AI) data centers and electrification place new demands on the power grid.
Not every energy company will benefit equally. But if you're looking for stocks with clear catalysts over the next 12 months, these three stand out.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
ExxonMobil (NYSE: XOM) has built one of the oil industry's lowest-cost, highest-return businesses. And its biggest advantage is Guyana, where the company has now discovered more than 11 billion barrels of recoverable oil equivalent, making it one of the largest oil discoveries in decades. Production recently surpassed 700,000 barrels per day, and management expects Guyana to produce about 1.7 million barrels per day by 2030.
That country is also one of the world's lowest-cost oil sources, with break-even prices estimated at less than $35 per barrel. That allows Exxon to remain highly profitable even if crude prices sink.

#guyana #energy #flashing #remain

Madison Dividend Income Fund, managed by Madison Funds, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund aims to generate income and capital appreciation from a high-quality, high-dividend portfolio. The Fund (class I) returned +1.8% in the second quarter, which compared to the S&P 500 Index, Russell 1000 Value Index, and Lipper Equity Income peer group returns of +15.2%, +13.9%, and +9.7%, respectively. YTD, the Fund returned +7.7%, compared with +10.2%, +16.3%, and +9.9% for the indexes, respectively. The Technology sector performed strongly, while Energy lagged. The firm sees the Energy sector's decline as an opportunity to buy undervalued energy stocks with good dividends. With S&P 500 valuations at all-time highs, risks include market correction and multiple contraction. The Fund aims to mitigate these risks by maintaining a diversified mix of high-quality, high-yield stocks in undervalued sectors. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Madison Dividend Income Fund highlighted ExxonMobil Holdings Corporation (NYSE:XOM). ExxonMobil Holdings Corporation (NYSE:XOM) is a leading energy company that engages in the exploration and production of crude oil and natural gas. On July 21, 2026, ExxonMobil Holdings Corporation (NYSE:XOM) closed at $151.71 per share, reflecting a market capitalization of $628.83 billion. ExxonMobil Holdings Corporation (NYSE:XOM) posted a one-month return of 10.82%, while its shares gained 38.01% over the past 52 weeks.
Madison Dividend Income Fund stated the following regarding ExxonMobil Holdings Corporation (NYSE:XOM) in its Q2 2026 investor update:
"One of the fund's top holdings is ExxonMobil Holdings Corporation (NYSE:XOM). XOM is the world's premier integrated oil and gas company. It has attractive upstream exploration and production ****** ets in the low-cost Permian Basin and a unique, ultra-low-cost growth opportunity in Guyana, along with developing liquid natural gas (LNG) ****** ets for data centers. The company has a downstream Product Solutions segment that refines energy, chemical and specialty products. Its low-cost position, diversified ****** et base, scale, integrated ****** ets and strong balance sheet provide a sustainable competitive advantage, in our view.
XOM's five-year "Plan to 2030" provides a framework for higher growth and substantial capital returns. It targets 65% of upstream production from its "advantaged" ****** ets by 2030, up from 59% today, which will drive a favorable mix shift and expand margins. The company thinks it can add $25 billion in earnings and $35 billion in cash flow while keeping capital expenditures flat in the $22-27 billion range.

#NYSE #madison

PROVIDENCE, Guyana (AP) — Keacy Carty was dismissed on 95 and Shai Hope made an unbeaten 87 in a 131-run third wicket partnership which steered the West Indies to a seven wicket win over New Zealand on Saturday in the first of five one-day cricket internationals.
Carty fell just short of his fifth ODI century, a year after his fourth, as the West Indies surpassed New Zealand's total of 267 with seven ****** remaining. Hope anchored the innings after his partner's dismissal, adding 45 runs from 31 ****** in an unbroken partnership with Sherfane Rutherford who finished 22 not out.
New Zealand leaned again on allrounder Daryl Mitchell to reach 267 after losing the toss and being sent in. Mitchell, whose gritty century in the recent third test against England secured a series victory, top-scored with 65 in an insipid New Zealand batting effort.
Will Young made 49 in an 80-run opening partnership with Henry Nicholls (27) but Michael Bracewell (29), Mark Chapman (27), Tom Latham (25) and Mitchell Santner (21) all failed to capitalize on good starts.
New Zealand was in a position to exceed 300 when it reached the 40th over at 216-4 but its last six wickets fell for 33 runs as it fell short of a total to test West Indies' batters in home conditions.

The company is an operational powerhouse, but a single, long-term disruption in a key business could test the limits of its strength.
For a company as vast as ExxonMobil (XOM), the story is usually one of immense scale and operational excellence. You see it in management's updates: "record levels of production in Guyana," a Permian growth plan that's on track, and refineries running at full tilt. But the biggest risk to the stock right now isn't a broad economic slowdown or a dozen small operational hiccups. It's the opposite: one very specific, very large problem that operational wins elsewhere may struggle to offset.
A 3% Production Hit With A Multi-Year Fix
The core of the issue lies in the Middle East, where recent conflict damaged two of the company's LNG trains in Qatar. This isn't a minor disruption. Management has been clear that the impact represents about 3% of its global production. That's a material hole in the company's output.
The mechanism here is straightforward: less product to sell means less revenue and cash flow. What makes this risk particularly potent is the timeline. The company stated that the "repair time will be anywhere between 3 and 5 years." This transforms a temporary setback into a multi-year drag on performance. While ExxonMobil is firing on all cylinders in places like Guyana and the Permian, it now has to generate enough new growth to not only move forward but also to backfill a significant, long-term production gap.

Torquay United striker Deon Moore has signed a two-year contract with the National League South club.
The 27-year-old Guyana international scored eight goals in 10 games after joining on a short-term deal at the end of last season.
Moore was Jimmy Ball's first signing after taking over as Torquay manager, when he brought in the forward from Maidstone United.
His goals helped propel the Gulls up to third place in the National League South.
He went on to get two goals in Torquay's 4-2 play-off semi-final win over Dorking Wanderers before getting two more as the Gulls lost 3-2 at Hornchurch in the final.

New Delhi: Two-time Men's T20 World Cup champions West Indies will miss cricket's return to the Olympics in 2028 after the qualification process was revealed on Monday (June 29). Six teams each will play in the men's and women's T20 competitions at the Los Angeles Summer Olympics.

Besides four-highest ranked eligible National Olympic Committees (NOC) continentally and one quota place for the hosts USA, one more place will be decided by virtue of a Final Olympic Global Qualification Tournament (FOCGQT).

Based on the rankings on 31 December 2026, a qualifying tournament will be played featuring the "next eight highest-ranked eligible teams not yet qualified."

If West Indies, who are currently seventh in the ICC T20I rankings, the ICC will organise a West Indies Nations Regional Tournament.

It will be played to decide which NOC will compete in the FOCGQT. Unlike the ICC, which recognises the collection of Caribbean islands as the West indies, it is not the case with the IOC (International Olympic Committee).

So, IOC recognises Antigua and Barbuda, Barbados, British Virgin Islands, Dominica, Grenada, Guyana, Jamaica , St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, and the US Virgin Islands, as separate NOCs. ICC, however, do not.

The NOC that wins the FOGQT will secure the final Olympic quota place.

Cricket returns to the Olympics after a 128-year period. The last time cricket was played at the Olympics was in Paris 1900.

Cricket at LA2028
Men: 6 teams
Women: 6 teams

Men's event
1 team: Host USA qualifies if they remain in top-15 rankings on 31 December 2026.

4 teams: Highest-ranked eligible NOCs continentally on December 31 (India, England, Australia, South Africa qualify based on current rankings)

1 team: Final Olympic Global Qualification Tournament (FOGQT) of the next eight highest-ranked eligible teams that haven't already qualified.

West Indies, if it meets the rankings criteria, will play a regional tournament of its Caribbean islands.

* New Zealand (currently 4th in the rankings) would not qualify automatically because Australia is already Oceania's highest-ranked team.

* Pakistan, Bangladesh and Sri Lanka would miss out because India occupies Asia's continental berth. They will likely head to the qualifier.

Women's event

Unlike the men's event which is decided by the rankings, the women's will be decided by the ongoing T20 World Cup.

4 teams: The automatic places go to the highest-placed eligible NOCs from four different continents at the ongoing T20 World Cup. As a result, India, South Africa, Australia and England qualify.

1 team: USA qualify as hosts if they stay within the top-15 rankings. They're currently 20th.

1 team: One final spot comes via the Global Qualification Tournament which will be played between the next eight highest-ranked eligible teams that haven't qualified.

Again, West Indies, if they are in this category, will play a r

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