BUSINESSAL JAZEERA
Petrol prices strain US households as oil giants Chevron, Exxon profits soar
Rising petrol prices are straining US households, particularly low-income families who spend over 10 percent of their monthly income on fuel. Oil companies Chevron and Exxon are experiencing increased profits amid the price surge.
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- Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon
- Energy companies Exxon and Chevron rake in huge profits as fighting between US and Iran drive energy prices higher
- Exxon, Chevron Beat Earnings Estimates as Oil Prices Surge