Travis Perkins shares shoot higher as turnaround progress drives up profits

The company stressed that the sector remains subdued and it saw ‘depressed’ activity in the first half of 2026.

The company stressed that the sector remains subdued and it saw ‘depressed’ activity in the first half of 2026.

Oil and gas giants raked in massive spring profits while fighting between Iran and the US impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

S&P 500 groups on track for strongest earnings in five years

Britain’s gas reserves fall to just 1.5 days of supply as energy market turmoil drives prices higher  GB News

American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas.

The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world's oil and natural gas.

Exxon Mobil on Friday reported doubling its second-quarter profits to $14.53 billion, up 105 per cent from the same time a year ago.

Exxon's profits doubled from the same quarter a year ago, while Chevron's profits quadrupled.