NPR News: 05-07-2026 3PM EDT

US Secretary of State Marco Rubio met with Pope Leo at the Vatican to address tensions in US-Holy See relations stemming from President Trump's repeated criticisms. The discussions were described as cordial, with both sides reaffirming a commitment to stronger bilateral ties. An exchange of views also covered countries facing challenges, though specifics were not detailed. This meeting signals an effort by the administration to mend diplomatic strains without directly involving the president.

Oil Earnings Reflect Cautious Strategies

Major oil companies released first-quarter earnings, revealing measured approaches to production amid uncertain markets. ExxonMobil plans to maintain its production growth targets, prioritizing steady expansion. Chevron, however, is holding output flat in the US Permian Basin and delaying significant moves in Venezuela. CEO Mike Wirth explained the rationale: "We could hit the gas and begin to grow it again, but I don't know what the future looks like. For right now I think it's really steady as she goes." In contrast, smaller independent firms like Diamondback are pursuing more aggressive growth. These decisions highlight how larger firms are prioritizing stability over rapid scaling, influenced by volatile oil prices and geopolitical risks.