U.S. oil firms reported over $130 billion profit during Iran conflict
Briefing by News4U · First published
Sina Finance reported that U.S. oil companies earned more than $130 billion in profit during the Iran conflict, nearly three times the $47 billion recorded in the same period of 2025, based on operating data from over 50 major U.S. oil firms for April through September. ExxonMobil and Chevron posted third-quarter earnings that exceeded the same period last year by two and three times respectively, while U.S. consumers spent an additional $147 billion on gasoline and diesel since late February. [1]
Sources
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Sina Finance · · Full text