Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid ‘Heightened Volatility’ During Iran War
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9 Articles
As gas prices topped $4 a gallon, Exxon, Chevron each made over $130 million per day last quarter
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.
The second quarter of this year was a period of good luck for the big global oil companies, thanks to the oil price trigger after the attacks of the United States and Israel on Iran, a conflict that began on 28 February. Exclusive material for subscribers. To have full access, access the link of the material and register.
Chevron Turned $3.1 Billion Loss Into A Gain In One Quarter Amid ‘Heightened Volatility’ During Iran War
The swing was rooted in Chevron’s commodity derivatives, which in the company’s case are financial contracts that get their value from oil shipments.
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