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economicJul 31, 2026
Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply | Fortune
Summary
Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply | Fortune
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Iran
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- currentsapi-gapfill(Mixed)By Jordan Blum
Chevron reported its largest quarterly net profit ever—$12.1 billion—on Friday as the Big Oil giants demonstrate how they’re reaping the rewards of the Iran war’s oil and gas supply disruptions worldwide. ExxonMobil’s $14.5 billion second-quarter income and Shell’s $10.8 billion …
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