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The Nexus
BUSINESSJul 28 · 16:02 UTCSEMAFORTim McDonnell

Big Oil's risky profit spike

Big Oil companies like Chevron and ExxonMobil are expected to report significant second-quarter profits driven by the war in Iran. Despite recent declines in oil prices and stock dips, their shares have risen nearly 40% over the past year. Analysts predict a half-trillion-dollar cash windfall for oil producers this year, though companies are hesitant to distribute profits to shareholders or invest in new projects.

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