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strikeJul 31, 2026

Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply | Fortune

Summary

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.

Source: Jordan Blum — Read the full report

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  • Jordan BlumBy 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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