Colin Eaton

speaker

52 appearances 2 recordings 1 series first heard May 2026 last heard 28 May

Colin Eaton’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in May 2026 with 2.

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And while that's happening, these two companies are going to continue to collect higher revenue.

But in the first quarter, it got a little complicated.

Axon and Chevron both had to take on paper losses.

This is related to the way they do their accounting on physical trades in the market.

This kind of shaved off a couple of billion dollars from their quarter.

quarterly net income.

So suffice to say, the companies made some trades that have yet to close on the physical market.

But when those unwind, they're going to further pad the company's bottom lines.

So yeah, they are expected to make a ton of money this year.

That's why their shares are near all-time highs.

You'd think so, right?

But since the pandemic, the oil pumping industry, as we know, it has been a lot slower to react to these sort of big swings in prices.

They're a bit more conservative now than they were a decade ago during the shale boom.

These days, they're focused on dividends and share repurchases.

Let's look at the numbers.

Since 2022, Exxon, Chevron and another big U.S.

oil company, ConocoPhillips, they've spent $301 billion on dividends and share repurchases or buybacks.

By comparison, they spent about $222 billion reinvesting in projects and in the oil patch generally.

So you can see that where their priorities have shifted.

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