Exxon Made $160 Million per Day Last Quarter as Oil Prices Surged

ExxonMobil and Chevron posted major profits driven by surging global oil prices tied to the US-Iran war. Exxon reported $14.5 billion in second-quarter profit—its highest since 2022—about $160 million per day. Chevron earned $12.1 billion, more than quadrupling the prior-year figure. The report also links gains to refinery disruptions and record refining margins for gasoline, jet fuel, and diesel. Exxon shares fell slightly in premarket trading.