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The Guardian: Top Oil and Gas Companies Made $30M Per Hour in Windfall Profits from Iran War

HeadlineApr 16, 2026

A new analysis by The Guardian finds that the world’s top 100 oil and gas companies banked more than $30 million in windfall profits per hour in the first month of the U.S.-Israeli war in Iran. Saudi Aramco, Gazprom and ExxonMobil are among the biggest beneficiaries. Collectively, oil and gas companies stand to make $234 billion by the end of the year if oil prices continue to average $100 a barrel. Meanwhile, dozens of countries face budget shortfalls after cutting fuel taxes to help struggling consumers.

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