Well, it’s official.

There really is no end to the conflict between Iran and the U.S. Investors are now expecting oil prices to last till the end of the year.

At the very least, oil & gas companies got two more good quarters going for them.

Let’s look at three big oil & gas companies that are riding this.

Before we proceed, we have some interesting content this week that might change how you think about your portfolio!

Trump Diesel Ban $SPX ( ▲ 0.51% ) : Well, not all are happy with Donald J. Trump’s considering a ban on diesel exports. Consumers will be slightly happy if it can keep diesel prices down, but chances are this will lead to higher global oil prices for everyone. [Read More]

Meta $META ( ▼ 3.34% ) : Meta is releasing new products in the market. Fresh off its Muse AI personal agent release, it is also debuting its $1,299 Meta VR Glasses and Muse Charm pendant. The big question is whether Mark Zuckerberg is still going big on its Metaverse vision. [Read More]

TD Synnex : TD Synnex’s earnings surprised on the upside. Revenue is up by 37.7%, driven by higher performance from its Distribution and Hyve segments. Guidance-wise, it is projecting an EPS of $5.90. [Read More]

Blackberry $BB ( ▼ 5.96% ) : BlackBerry’s financial results exceeded expectations, and this marks the fourth straight quarter in which it has done so. Share price is now up by 121% for the year [Read More]

Oracle $ORCL ( ▼ 1.75% ) : Force majeure. That’s not a word that you want to see anywhere in a letter. But Oracle has sent that notice to Blue Owl to delay paying expenses for the Project Jupiter data centre in New Mexico [Read More]

Chinese Battery and EV $SSEC ( 0.0% ) : China is ending a 11-year exemption on a 4% consumption tax for lithium-ion batteries and related products. Now, electric vehicle and battery players are fighting over who should eat the higher cost [Read More]

Food Empire: With Russia seizing some Nestle assets, investors sold Food Empire too, as the company has extensive operations in Russia. But this could be a buying opportunity at this point. [Read More]

Yanzijiang Maritime: Yanzijiang Maritime is ordering 24 newbuild vessels to be built by various Chinese shipyards. Deliveries are scheduled between 2028 and 2030. [Read More]

Addvalue Technologies: Well, the company just got almost full shareholder approval to spin off and list on the Nasdaq. It will maintain its listing on the Singapore Exchange mainboard [Read More]

CSE Global: CSE has secured two projects worth US$150 million in the U.S. for the design and manufacture of power distribution centres and integration of complex electrical and control systems for the Liquefied Natural Gas market [Read More]

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Chevron explores for oil & gas and sells them to global markets.

👆️ Dividend Play: Chevron is now generating about a 3.5% dividend yield, much lower than its historical average of 4.5% (2020 - 2026), but slightly higher than the industry’s average of 3.1%.

The company is now more expensive in terms of valuation as investors are buying due to higher oil prices in the long term. The price-to-earnings ratio rose to 37.5 times in March 2026, before declining to about 20 times currently. Chevron typically trades at 16 times.

💪 Investment Case: Well, Chevron’s share price is up by 35.2% for the year, something that we did not expect if you ask us at the start of the year. However, developments in the Middle East with the blockage of both the Straits of Hormuz and Al-Mandeb Straif means that oil prices will remain higher for longer.

Chevron seems to have benefited greatly from this. Revenue for 2Q 2026 was up a whopping 51.1% due to higher average selling prices. Volume was also up by 20% for the quarter. Its earnings have basically grown sixfold due to higher oil prices for the quarter.

❓  Market Analysts: Average target price is at US$224 with an implied upside of +9.1%

Exxon Mobil explores, produces, refines and sells oil & gas products.

👆️ Dividend Play: Quite low dividend yield at 2.5%, compared to the market average of 3.1%. It is also currently lower than its historical average of 4.6%.

Similar to Chevron, its valuations have risen considerably. PER is now at 20 times compared to its historical average of 13.3 times.

💪 Investment Case: Like Chevron, Exxon has been riding the current oil price boom too. Revenue is up by 43%, mainly on higher average selling prices and record second-quarter diesel production. Earnings tripled for 2Q 2026 to US$14.5 billion from 1Q 2026, driven by higher upstream production and sales of energy and chemical products.

Its year-to-date profits were driven mainly by higher margins, with production growing at a strong rate. It is still impacted by disruptions in the Middle East, but benefits overall by higher pricing and margins.

❓ Market Analysts: Average target price of US$172.39 with an implied upside of +6.3%

Shell explores, produces, refines and sells oil & gas products to international markets.

👆️ Dividend Play: Decent dividend yield at 3.2%, and slightly lower than the industry’s average. However, Shell only gives about 30% of its earnings for dividends.

💪 Investment Case: Shell’s valuation is attractive at this point. PER is at 10.6 times, lower than its peers’ average of 15 times.

2Q 2026 results were similar to Chevron and Shell, with income tripling to GBP10.8 billion. Revenue was also up by 44%, driven by the integrated gas, upstream and chemicals and products segments.

❓  Market Analysts: Average target price of GBP3,890 with implied upside of +8.0%