Energy Earnings Beat as Uranium Hits 17-Month High
Oil majors just posted their strongest earnings in years, and uranium spot climbed to a 17-month high, and both moves are telling the same story: the energy complex is tight, and it is not sentiment driving it. Chevron beat Q2 consensus by $0.51 a share on $6.06 EPS, with upstream earnings tripling year over year to $8.2 billion. That is not cost discipline. That is price. Key Takeaways Chevron's Q2 EPS of $6.06 beat the $5.55 consensus, with revenue up 56.2% year over year to $70.06 billion. Uranium spot has climbed to 17-month highs near $85.45/lb on the CME UxC U3O8 futures curve, up roughly 13% from Q1 2026 contract averages near $75/lb. WTI is trading near $78.18/bbl and Brent near $83.…
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