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.
Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.
