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BUSINESSAug 4 · 16:25 UTCWDIV CLICKONDETROITThe Associated Press, Associated Press

Big oil companies continue to post banner profits as fighting in Iran drives costs higher

Big oil companies in Europe, the Middle East, and the U.S. report record profits amid rising oil prices driven by conflict in Iran and disruptions at the Strait of Hormuz. U.S. President Donald Trump criticized Chevron and Exxon Mobil for their high profits, while oil prices recently declined following speculation of a potential resolution to the Iran conflict.

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BPorganizationSaudi AramcoorganizationExxon MobilorganizationChevronorganizationStrait of HormuzplaceDonald TrumppersonIranplaceUnited Statesplace
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