BUSINESSHOUSTON PUBLIC MEDIA
Houston-based oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
Exxon Mobil and Chevron reported significant profit increases in the second quarter, with Exxon Mobil doubling its profits to $14.53 billion and Chevron nearly quadrupling its profits to $12.07 billion. The rise in profits is attributed to U.S. and Iran tensions driving energy prices higher.
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- Major oil companies reap massive profits as US and Iran fighting drives energy prices higher
- Energy companies Exxon and Chevron rake in huge profits as fighting between US and Iran drive energy prices higher
- Exxon and Chevron profits surge on rising oil prices due to Iran war
- Major oil companies reap massive profits as US and Iran fighting drives energy prices higher
- Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
- Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon