Trump’s Iran War Brings On Record Oil Company Profits
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The US oil industry has earned almost $130 billion in profits since the US and Israel began bombing Iran in February. The same companies, according to the New York Times, earned less than $47 billion over the same span of 2025, when oil was comparatively cheap.
Shipping and insurance costs have spiked thanks to the war, allowing oil companies to spike their prices. ExxonMobil and Chevron, the nation’s two largest fossil fuel corporations, saw profits surge. According to quarterly earnings re
Shipping and insurance costs have spiked thanks to the war, allowing oil companies to spike their prices. ExxonMobil and Chevron, the nation’s two largest fossil fuel corporations, saw profits surge. According to quarterly earnings re
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