Oil giants see profits surge amid Iran war
America's biggest oil companies are reporting massive profits as the Iran war continues to disrupt global energy supplies. CBS News business contributor Javier David joins with analysis.
Chevron
Exxon Mobil, Chevron earnings analysis
Earnings reports for Exxon Mobil and Chevron showed a decrease in profits during the last fiscal quarter due to Iran war disruptions. Despite the loss on paper, both U.S. oil giants topped Wall Street expectations when it came to revenue for the three month period ending March 31. CBS News business contributor Javier David has more.
Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Chevron CEO Mike Wirth on Strait of Hormuz
Chevron CEO Mike Wirth spoke with "Face the Nation" moderator Margaret Brennan about what he would need to see to feel confident sending a ship through the Strait of Hormuz.
Chevron CEO expects aviation disruptions amid war
The war with Iran is disrupting global oil and gas supplies, sending prices skyrocketing. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan spoke with Chevron CEO Mike Wirth about the economic impact.
Air travel prices likely to get worse in coming weeks, Chevron CEO says
Travelers could see airline fares rise and fewer flights available in the coming weeks, Chevron CEO Mike Wirth said in an interview with "Face the Nation with Margaret Brennan."
Chevron CEO: Aviation sector to "probably get worse"
"Flights may not be as abundant as they otherwise would have been," Chevron CEO Mike Wirth told Margaret Brennan. "I think planes will probably be more full than they would have been. And yes, fares, fares could be higher."
Chevron executive on how consumers can save on gas
Lilia Luciano traveled to Chevron's largest oil refinery on the Mississippi coast and spoke to Andy Walz, a president of the company, about what people at home can do to avoid high gas prices.
Chevron says Venezuelan oil imports are helping curb U.S. gas prices
Venezuelan oil shipped to the U.S. is providing relief from higher prices caused by the Iran war, according to a senior Chevron executive.
Chevron executive weighs in on oil costs
Andy Walz, Chevron's president of downstream, midstream and chemicals, told CBS News' Lilia Luciano that the energy giant is bringing in Venezuelan crude oil to help lower costs driven up by the Iran war.
Trump meets with oil executives to push for investment in Venezuela
President Trump met with major oil industry executives Friday afternoon as he pushes U.S. oil companies to invest in Venezuela.
More on oil companies, Venezuela
Trump administration officials are set to meet with representatives from Chevron, ConocoPhillips and Exxon to discuss Venezuela, two sources tell CBS News. Aaron Navarro reports.
Oil stock prices rise after U.S. capture of Venezuelan President Maduro
Shares in Chevron, Exxon and other energy companies climbed, while oil prices jumped, on Monday after Maduro's ouster.
Crews put out fire at Chevron refinery
Emergency services say crews have extinguished a fire at a Chevron refinery in El Segundo, California. CBS News national correspondent Carter Evans has the details.
Supreme Court limits federal regulatory power
The Supreme Court ruled 6-3 Thursday to overturn a 40-year-old decision that had given federal agencies broad regulatory power, curtailing the agencies' ability to enforce regulations. Former federal prosecutor Scott Fredericksen joined CBS News to discuss the decision and attorney and CBS News campaign reporter Katrina Kaufman has more on the cases still on the court's docket.
SCOTUS appears ready to limit agency powers
The Supreme Court is putting the power of federal agencies on the chopping block. The latest case before the justices could forever change the way the government operates. Craig Green, law professor at Temple University, joins CBS News to explain.
Chevron to buy Hess for $53 billion in second giant oil deal this month
Chevron's purchase of Hess for $53 billion is the second energy industry megadeal this month amid a surge in oil prices.
4 oil companies had total sales of $1 trillion last year
Record profits and a growing climate crisis have renewed calls for a tax on fossil-fuel companies.
Chevron announces record profits for 2022
Chevron announced roughly $36 billion in profits during 2022, setting an all-time high for the company. This follows a $75 billion stock buyback from the oil giant. Host of "TheStreet" J.D. Durkin joined CBS News to discuss why big oil had such a profitable year and what 2023 holds for the industry.
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Trump says new U.S. strikes on Iran in retaliation for sea mines, targeting base
Two oil tankers were attacked in the Strait of Hormuz as the U.S. and Iran returned to hostilities in a six-month war that appears to be locked in a stalemate.
Tropical Storm Edouard makes landfall in Louisiana, brings heavy rain to Texas
Tropical Storm Edouard made landfall in Louisiana Tuesday afternoon, and is also forecast to bring heavy rain to Texas, the National Hurricane Center said.
Lindsay Clancy trial jury deadlocked, leaves for day without verdict
The jury in Lindsay Clancy's murder trial told the judge Tuesday morning they are deadlocked, and left a Massachusetts courtroom hours later without reaching a verdict.
House adopts resolution condemning socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Congress passes funding bill to avoid shutdown before midterms
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Ex-Border Patrol commander Bovino was under investigation when he retired
CBP informed Gregory Bovino in an email on March 2 that the agency was "conducting an official Inquiry into allegations of misconduct reported to CBP." He initiated retirement 16 days later.
Police officer charged after fatally shooting student at wrong home
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
MapQuest hits No. 1 on App Store after refusing to rename Lake Ontario
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
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Pa. police officer charged after fatally shooting student at wrong home
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Modest pay hikes next year could leave some workers lagging inflation
Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses.
Congress passes funding bill to avoid shutdown before midterms
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
Ex-Border Patrol commander Bovino was under investigation when he retired
CBP informed Gregory Bovino in an email on March 2 that the agency was "conducting an official Inquiry into allegations of misconduct reported to CBP." He initiated retirement 16 days later.
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Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Rising bond yields threaten to push up U.S. borrowing costs
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Modest pay hikes next year could leave some workers lagging inflation
Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses.
Ford recalls nearly 149,000 Mustang vehicles over potential power issue
A potential wiring issue could lead to vehicles losing power or disruption of other functions, such as windshield wipers and headlights.
IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
Politics
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House adopts resolution condemning socialism, with 8 Democrats joining Republicans
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
Congress passes funding bill to avoid shutdown before midterms
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
Ex-Border Patrol commander Bovino was under investigation when he retired
CBP informed Gregory Bovino in an email on March 2 that the agency was "conducting an official Inquiry into allegations of misconduct reported to CBP." He initiated retirement 16 days later.
IRS audit revenue plunged following workforce reductions, watchdog finds
IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.
HealthWatch
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The market forces quietly adding thousands to patient bills
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
Trump inks deal with 9 pharmaceutical companies to lower drug costs
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Man with sinus infection symptoms diagnosed with heart condition
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
Juul can sell updated e-cigarette with age-verification system, FDA says
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
2 airport workers die of malaria from mosquito on plane in Germany
Caused by parasites spread via Anopheles mosquitoes, malaria can cause symptoms including nausea, headache and intense waves of fever and chills.
World
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Spain's leader says Russia and Israel fueled immigration "disinformation"
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
U.K. man accused of drugging, abusing wife with other men goes on trial
The case has drawn parallels to that of Gisèle Pelicot, who publicly testified against her ex-husband in a 2024 mass rape trial.
First on CBS
American among thousands missing in Nepal contacted, officials say
Nepali officials tell CBS News they have contacted a U.S. national among the more than 4,000 people still missing in the wake of the deadly flash floods.
U.S.-Venezuela oil deal will rely on North American Blue Energy Partners
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.
Lionel Messi says he is retiring from the Argentina national soccer team
Lionel Messi played in six World Cups and led Argentina to win the tournament in 2022 in Qatar.
Entertainment
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Entertainment
Danielle Brooks on "If I Go Will They Miss Me"
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
Lionel Richie hospitalized after weekend show
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's Met Gala exhibit canceled
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
Jury finds Davis guilty in 1996 murder of Tupac
A Las Vegas jury on Monday found Duane "Keffe D" Davis guilty in the 1996 murder of Tupac Shakur. CBS News legal reporter Katrina Kaufman has more.
Closing arguments in Tupac Shakur murder trial
The jury heard closing arguments Monday in the trial of Duane "Keffe D" Davis, the man accused of orchestrating the shooting that killed rapper Tupac Shakur. Celebrity attorney Chris Melcher joins to discuss the case.
Technology
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Technology
John Ternus is Apple's new CEO
John Ternus is stepping up and into the shoes of former Apple CEO Tim Cook. CBS News' Jo Ling Kent reports, plus Puck AI correspondent Ian Krietzberg shares his thoughts on the Apple turnover and the Hugging Face AI breach.
MapQuest hits No. 1 on App Store after refusing to rename Lake Ontario
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Apple's new CEO takes over
John Ternus begins his tenure as Apple's new CEO on Tuesday, marking a historic shift for the company. Jo Ling Kent reports.
St. Louis becomes the latest battleground in fight over data centers
"We have to be very careful about where and how we install these large data centers," said Kasey Fowler-Finn, a biologist at St. Louis University, who is among a group suing to halt a data center development.
Science
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Science
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
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Crime
What a mistrial in Clancy case could look like
The jury in the Lindsay Clancy murder trial informed the judge Tuesday morning that they were unable to reach a unanimous verdict, setting up a potential mistrial. Deliberations are set to resume on Wednesday. CBS News' Shanelle Kaul and Caroline Polisi have the latest.
Clancy jury goes home after being deadlocked
Jurors in Lindsay Clancy's murder trial went home on Tuesday without reaching a verdict after saying that they were deadlocked earlier in the day. CBS News' Shanelle Kaul and Rebecca Roiphe have the latest.
Pa. police officer charged after fatally shooting student at wrong home
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
Lindsay Clancy jury dismissed for the day
The jury in Lindsay Clancy's murder trial was dismissed for the day Tuesday afternoon, hours after telling the judge in the case they were deadlocked. They'll resume deliberations for a fifth day on Wednesday. CBS News' Shanelle Kaul has more.
Supporters coming to meet Lindsay Clancy's lawyer
A number of people have come to the Massachusetts courthouse where Lindsay Clancy's trial is being held because they want to meet her defense attorney, Kevin Reddington. CBS News' Shanelle Kaul reports.
Space
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NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
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State Department spokesman on Iran war and more
The U.S. launched new strikes against Iran on Tuesday after tankers were hit in the Strait of Hormuz. State Department Spokesman Tommy Pigott joins "The Takeout" to discuss.
Trump and Iran trade threats after new strikes
The U.S. conducted more strikes against Iran on Tuesday after two tankers were targeted in the Strait of Hormuz. President Trump took to social media to threaten the regime that they will be hit much harder if they retaliate. CBS News senior White House correspondent Weijia Jiang reports.
What a mistrial in Clancy case could look like
The jury in the Lindsay Clancy murder trial informed the judge Tuesday morning that they were unable to reach a unanimous verdict, setting up a potential mistrial. Deliberations are set to resume on Wednesday. CBS News' Shanelle Kaul and Caroline Polisi have the latest.
Grand Canyon trail guide on deadly floods
First responders recovered the bodies of two people after a major flash flood swept through the Grand Canyon last weekend. Scores of visitors were rescued by helicopter and officials say one person was still unaccounted for as of Monday evening. Nina Rehfeld, a wilderness first responder and co-owner of Grand Canyon Journeys, joins CBS News to discuss.
Trump meets with oil executives over fuel prices
President Trump on Tuesday met with oil executives to discuss how to lower fuel prices as Americans face high travel costs for the Labor Day weekend. CBS News correspondent Natalie Brand reports.