Exxon, Chevron Each Earned Over $130M Per Day as Gas Tops $4
ExxonMobil and Chevron posted quarterly profits above $12 billion as U.S. gas prices rose to more than $4 a gallon amid the conflict with Iran.
Oil companies in the United States are reporting massive profits thanks to increased gas prices caused by the ongoing war with Iran. Last week, the two largest oil companies in the U.S. — ExxonMobil and Chevron — each reported billions in profits over the second quarter of 2026.