U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
ExxonMobil and Chevron posted stronger-than-expected quarterly profits amid soaring refining margins tied to disruptions in the Middle East and Russia-Ukraine war. Covered by 3 outlets: 1 lean left, 1 are centre, 1 are not rated.
ExxonMobil and Chevron posted stronger-than-expected quarterly profits amid soaring refining margins tied to disruptions in the Middle East and Russia-Ukraine war. Exxon’s refining earnings hit a record, and Chevron...
ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices NBC News Earnings live updates: Exxon, Chevron refining margins jump, lifting earnings Yahoo Finance Big Oil is raking in huge...
ExxonMobil Profits Double to $15.4 Billion Crude Oil Prices Today | OilPrice.com U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War The New York Times Exxon, Chevron profits beat forecasts, refining...
Rising gas prices drove much of the inflation increase as renewed violence in the Middle East has kept oil prices above $100 a barrel, up from below $70 before the Iran war. Trump is seeking to lower energy costs ahead of next week's...
Trump's oil and gas holdings rose 43% amid the Iran war, a Democratic congressional report found, raising conflict of interest concerns as US families spent an estimated $856 more on gasoline.
The U.S. oil industry has made more than $130 billion in profit during the Iran war—while normal Americans continue to pay exorbitant prices at the gas pump. The New York Times reported that the country’s 50 largest...
The two largest U.S. oil companies, ExxonMobil and Chevron reported blowout profits as oil prices remain sharply elevated due to the U.S. war with Iran.
Oil prices declined Thursday as prospects of renewed peace negotiations eased fears of supply disruptions stemming from escalating tensions in the Middle East.
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A tanker transiting the Strait of Hormuz was attacked by a small boat with two explosive devices, the United Kingdom Maritime Trade Operations said Friday. A tanker in the Strait of Hormuz was hit by a small boat carrying two explosive...
The mines contain small explosive charges that explode through a time-delay device
Two vessels carrying Indian crew members have been attacked in the Strait of Hormuz over the past two days as Iran steps up attacks on shipping. DW has more.
Iran's Revolutionary Guard says four tankers have caught fire in the Strait of Hormuz.
It was not immediately clear who was behind the attack
Organisers say moving Dakar Rally, likely scheduled January 9-23, out of Saudi Arabia was 'exceptional and one-off'. Covered by 5 outlets: 1 lean left, 3 are centre, 1 lean right.
Analysts say the seizure of state arsenals, external backing and extensive military evolution has helped the Houthis.
Saudi Arabia is facing renewed security concerns after the Saudi-led coalition reportedly destroyed a ballistic missile launched by Yemen’s Houthi rebels on October 29. Emergency alerts were issued for Najran and the...
Saudi Arabia said on Friday it intercepted and destroyed a drone launched by Yemen’s Iran-backed Houthi rebels near Islam’s holiest city, a claim the Houthis denied. A coalition spokesman, Major General Turki...
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Oil companies are reporting another quarter of sky-high profits as the war in Iran pushes up the price of oil — and prices at the pump.
Valero gas prices are displayed in Austin, Texas, on June 16, 2026. (Brandon Bell/Getty Images)
Brent crude prices are up more than 60 percent compared with pre-war levels, despite rebound in supply.
Stubbornly high prices at the pump offered little hope for drivers looking for some relief.
Tankers, tracked by Greenpeace, are first phase of Trump-Putin deal – but there is uncertainty over whether they will unload Seven oil tankers carrying an estimated 288,000 tonnes of Russian diesel are now sailing towards the US, though...
When Trump cut a diesel deal with Putin and limited intelligenced sharing, a canny Zelensky didn't beg or cower.
Russia to extend diesel export ban, use quotas to fulfil US deal, sources say Reuters Trump’s Russian diesel deal benefits Moscow more than US consumers, experts say Defense News Three Russian diesel tankers steam...
A Malta-flagged tanker carrying nearly 40,000 tonnes of Russian diesel is reportedly heading towards New York, triggering a political confrontation in Washington over Trump’s proposed fuel arrangement with Putin....
US Energy Secretary Chris Wright has floated more Russian diesel shipments despite Ukraine’s opposition
US oil companies are enhancing refinery capacities and reopening closed plants due to global supply disruptions. ExxonMobil and Chevron reported record profits, attributed to soaring commodity prices and refinery margins. Additionally,...
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Industry safety restrictions on flying out to North Sea facilities to start from November
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CNBCCenterBig Oil earnings are coming. Why guidance could matter most and why the the charts suggest investors should be cautious.
The oil market sees the future of the war in the Middle East as binary. Either Iran or the US reach a deal or they head into a worsening conflict. There is, however, a third path - and it’s not pretty.
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The strike ends a two-week halt in refinery attacks that came amid pressure from the U.S. Covered by 12 outlets: 4 lean left, 3 are centre, 4 lean right, 1 are not rated.
Ukraine has resumed attacks on Russia’s energy production with drone strikes on three oil refineries and one gas-chemical complex, according to Russian authorities. The attacks come after the Kremlin said U.S....
Russia's Deputy Prime Minister Alexander Novak attends a session at the St. Petersburg International Economic Forum in Saint Petersburg, Russia, on June 4, 2026. (Anastasia Barashkova/Reuters)
Ukraine attacked three Russian oil refineries and a gas chemical complex early Friday morning, according to Russian Deputy Prime Minister Alexander Novak. He claimed there was only "minor damage" to one plant and...
Plumes of black smoke were seen rising over Russia's Novokuybyshevsk oil refinery following a reported Ukrainian drone attack in the Samara region. #oil #russia #ukraine #war #oilrefinery 👉 Subscribe:...
Michael Douglas predicts Democrats will win both chambers in the US midterms, citing affordability concerns and warning Trump allies could face congressional scrutiny. Covered by 3 outlets: 1 lean left, 2 are centre.
Join Joanna Coles and Michael Wolff for a special LIVE edition of Inside Trump's Head as the midterm election results start to come in. Featuring special guests, live reporting and breaking news results, this...
Michael Douglas predicts Democrats will win both chambers in the US midterms, citing affordability concerns and warning Trump allies could face congressional scrutiny.
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CNBCCenterTrump criticized Big Oil for making “too much money,” but oil majors have since reported surging refining earnings as fuel supplies tightened.
Tech stocks posted big losses on Wall Street this week – fueling fears that the boom in spending on AI may not be paying off. Meanwhile, Chevron, Exxon and BP have reported massive profits as millions face steep prices at the pump....
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The oil slick is concentrated off the northern emirate of Umm Al Quwain and extends partly towards coastal areas in the neighboring northern emirates of Ras Al Khaimah, Ajman, and Sharjah.
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New research suggests olive oil before carbs may help control blood sugar, but experts say more human studies are needed.
Brent January Futs Hit New Highs As Oil Market Braces For Post-Midterm Gulf Escalation Brent crude futures tagged $118 a barrel early Friday, touching a six-month high as more attacks on commercial vessels in the Strait of Hormuz and on...
It now costs an additional $731.50 to fill a standard 275-gallon tank.
The plans mark an attempt by Trump to persuade Putin to make concessions in peace negotiations
The company’s revenue rose 6% year-on-year to ₹2,488 crore. Profit attributable to shareholders was ₹746 crore, compared with a loss of ₹91 crore a year earlier.
The truth about the supposed health practice—revealed.
Democrats are using the high price of diesel, heating oil, and fertilizer to tie Republicans to President Donald Trump’s unpopular, costly war in Iran. Covered by 3 outlets: 2 lean left, 1 are centre.
Democrats wanted to focus on Trump and high heating bills, but then came the October surprise.
Democrats open leads in four key Senate battlegrounds, CNN polls find USA Today
Trump touted a record Venezuela oil deal. Now reality is setting in Reuters
Delivering on the ambition falls to North American Blue Energy Partners, a little-known firm led by Venezuelan businessman Alejandro Betancourt.
Multiple thick, tall columns of dark gray smoke rose high into the sky
Andrea Egan calls for same political focus on teachers, care sector and NHS and says Jackdaw decision ‘a serious misstep’ The leader of the UK’s biggest trade union has called for the same political focus to be given to NHS, education...