Opening Bell Movers: XOM, CVX, RDDT, RIVN

Bullish Gator

Exxon and Chevron surge on higher oil prices; Reddit slides despite an earnings beat amid search-referral worries; Rivian beats expectations and raises full-year guidance.

Editorial companion

What stands out

Schwab Network's Diane King Hall led with a simple scene: Exxon Mobil and Chevron posted outsized quarterly profits as higher oil prices and global supply disruptions did the heavy lifting. The clip matters because it shows how headline beats can coexist with weak multi-quarter fundamentals, especially for big integrated oil names. For anyone tracking Chevron, the video is a reminder that price-driven profit spikes can mask declining revenue and earnings trends, so short-term jubilation needs to be weighed against what happens when the commodity tailwind fades.