BUSINESSQUARTZ
Chevron posted its highest profit in six years as the Iran war boosted oil prices
Chevron reported its highest profit in six years with adjusted earnings of $12 billion, driven by increased oil prices due to the Iran war and higher refining margins. The results exceeded analyst estimates by 50 cents per share.
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Adjacent reporting
- Chevron Profit Beats Estimates on War-Driven Surge in Oil Prices
- Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon
- ExxonMobil, Chevron’s combined profits quadrupled in three months as the Iran war raged
- Exxon and Chevron profits surge on rising oil prices due to Iran war
- Shell profits rise as Iran war pushes oil prices higher
- Major oil companies reap massive profits as US and Iran fighting drives energy prices higher