Profit Beat

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Business

Rivian's $7 Billion Bet: Can the R2 SUV Spark an EV Comeback?

With a fortified war chest and production scaling up, Rivian is poised for its most critical test yet: winning over the mass market with its upcoming R2. While the financial runway is clear, the road to profitability hinges on consumer appetite for the new, more affordable model.

Business

ExxonMobil Defies Oil Slump with Aggressive $20 Billion Buyback, Signals Unwavering Dividend Commitment

While the energy sector retrenched amid falling crude prices, ExxonMobil executed a massive $20 billion share repurchase program in 2025, underlining its financial muscle and commitment to shareholder returns. The oil giant also reported earnings that beat estimates, driven by record production in the Permian Basin and Guyana, even as it takes a hardline stance on reinvesting in Venezuela.