Dow Jones Top Company Headlines at 11 AM ET: Big Oil Is Reaping Rewards From the Chaos in Energy Markets | BP …

Big Oil Is Reaping Rewards From the Chaos in Energy Markets

ExxonMobil’s earnings doubled and Chevron posted its highest quarterly earnings on record as energy prices soared during the prolonged closure of the Strait of Hormuz.

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BP Puts U.K. North Sea Business Up for Sale

The energy major said that it would market the business to potential buyers, paving the way to end oil production in its home country after 60 years.

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Moderna Says Norovirus Vaccine Didn’t Meet Statistical Criteria for Early Success in Trial

Moderna narrowed its loss in the recent quarter as revenue climbed, boosted by deliveries made under a government contract in the U.K.

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New York Alleges Kalshi Is Running Illegal Gambling Operation

New York Attorney General Letitia James’s office said Kalshi’s prediction market meets the legal definition of gambling because users are betting on events outside of their control in a game of chance.

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AutoNation Revenue Falls on Lower New-Vehicle Sales

AutoNation logged lower revenue after sales of new vehicles declined in the second quarter.

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Newell Brands Lifts Profit View as Tariff Refunds Help Offset Inflation

Newell Brands raised its earnings outlook, as it expects a bump from tariff refunds to help offset the rising cost of supplies.

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Colgate-Palmolive Sales Rise Despite Choppy Backdrop

Colgate-Palmolive recorded higher sales in the second quarter, despite a choppy consumer environment.

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AbbVie Lowers Outlook to Account for Acquisition as Profit Jumps

AbbVie lowered its full-year adjusted earnings outlook to account for its acquisition of Apogee Therapeutics, as the company logged higher profit and revenue in the recent quarter.

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Church & Dwight Lifts Outlook After 2Q Organic Sales Jump

The consumer goods company behind brands including Arm & Hammer and Trojan said it now expects sales to be flat to up 1% for the full year, instead of down 0.5% to 1.5%.

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Tesla Weighs Sale of China Business to Pave Way for Potential SpaceX Merger

The U.S. automaker could sell or spin off the business in its second-largest market over geopolitical concerns.

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Novo Nordisk Drops After Drug Candidate Fails in Cardiovascular Trial

The stock was down 9.5% after the company’s experimental medicine ziltivekimab didn’t achieve the expected risk reduction for major cardiovascular events.

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Puma Shares Slip on Soft Sales

The stock dropped after sales fell almost 10%, with the company citing reset measures under a turnaround strategy and lower demand in key regions due to the war in the Middle East.

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Universal Music Shares Head for Worst Day Since IPO After Subscription Growth Disappoints

The stock was on track for its steepest decline since the record label behind went public in 2021, after revenue from subscriptions disappointed investors.

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Situational Awareness Down 67% in July in AI Stock Rout

“We let you down this month,” Leopold Aschenbrenner’s hedge-fund firm told investors after selling the bulk of its stocks to Citadel.

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British Airways Gains From Rerouted Middle East Travelers, But IAG Trims Capacity Outlook

British Airways benefited from business travelers rerouting to avoid the Middle East, but owner International Airlines Group cut its capacity growth outlook due to the conflict.

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Couche-Tard Plans to Buy Poland’s Zabka for About $8.7 Billion

Canada’s Alimentation Couche-Tard plans to acquire Poland’s largest convenience retailer Zabka for about $8.7 billion.

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Sony Boosts Outlook as Music, Image-Sensor Businesses Fuel Profit Growth

The strong results come as the company has been boosting its entertainment content, even as its game division remained lackluster.

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Ford and GM Attempts to Go Beyond Cars Deserve Skepticism

The automakers have a mixed track record on diversification.

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Siemens Healthineers Cuts Revenue Outlook on Diagnostics Weakness

The German supplier of medical equipment now expects fiscal-year revenue to grow by between 3.5% and 4.0% on a comparable basis, compared with 4.5% to 5% previously.

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NatWest Raises Guidance, Brings Forward Buyback Announcement Plans

The lender reported a 29% rise in pretax profit as it completed the acquisition of wealth manager Evelyn Partners.

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Anthropic AI Models Hacked Three Companies During Tests

The breaches, which follow a similar incident involving rival OpenAI and startup Hugging Face, were due to a mistake, Anthropic said.

(END) Dow Jones Newswires

July 31, 2026 11:15 ET (15:15 GMT)

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