Business

Profits Surge for Oil Giants Amid Iran Tensions

Updated 2026-07-31 13:10 UTC 1 source Positive

ExxonMobil and Chevron reported a combined profit quadrupling in three months, reaching over $26 billion. The surge comes as tensions with Iran continue to escalate.

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MarketWatch

ExxonMobil, Chevron’s combined profits quadrupled in three months as the Iran war raged

Combined profits of ExxonMobil and Chevron for the second quarter soared more than 300% in three months to more than $26 billion.

2026-07-31 12:58 UTC