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Oil Giants Report Huge Profits Due to Rising Gas Prices from Iran War

HeadlineJul 31, 2026

In business news, oil firms are reporting their highest quarterly profits in years due to rising gas prices caused by the U.S. and Israeli war on Iran. Over the past three months, ExxonMobil made over $14.5 billion, Chevron made $12 billion, and Shell made nearly $10 billion.

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