strikeJul 31, 2026

Exxon made $160 million per day last quarter as oil prices surged | CNN Business

Summary

Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war.

Source: Matt Egan — Read the full report

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Sources

Matt EganBy Matt Egan
Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling i…

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