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THE TRUTH ABOUT: 3 - Caught on Camera

Blame Game

Plus: Surveillance for babies, using endowments to keep lights on, and more...

Reason

BP profit doubles to $5.7bn as war between US and Iran drives up oil prices

The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June

The Independent UK

Trump Blasts Exxon, Chevron Over $26B Iran War Windfall, Vows They'll 'Give Some Back'

Donald Trump criticises major oil companies for profiting from the Iran conflict, urging them to reduce consumer prices as Americans face rising fuel costs ahead of midterm elections.

International Business Times UK

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First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war

US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict

The Guardian - UK

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Guardian - UK

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices for American drivers

US President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumers. The oil companies defended their actions by attributing price hikes to global market trends. Both firms showcased robust quarterly earnings driven by soaring oil prices, which raises political stakes…

The Economic Times

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Chuck Schumer Says Iran War a 'Gift' to Trump's 'Big Oil' Friends Who Bankrolled His Campaign: 'One Promise He Actually Delivered On' (CORRECTED)

Editor’s Note: The headline of this story has been updated to correct an error in the original version.

Benzinga

Chevron launches high-speed boat to transport oil workers

Chevron Thailand Exploration and Production is enhancing its offshore petroleum operations by deploying the world's first trimaran crew vessel to transport workers to drilling platforms in the Gulf of Thailand.

Bangkok Post

Average Gas Prices Remain Above $4. Trump Is Again Calling On Major Gas Companies To Lower Prices

Average gas prices continue above $4 a gallon in the U.S., according to AAA.

International Business Times

Trump Warns Oil Executives: 'Get Your Retail Prices Down, NOW!'

President Donald Trump escalated his pressure campaign on the energy sector Monday, posting on Truth Social that oil companies must “get your consumer (retail!) Oil Prices DOWN, NOW!”

Benzinga

Trump hails Chevron's comeback, tells oil firms: 'Get your consumer (retail) oil prices down, now'

Donald Trump stated his administration's policies fueled Chevron's success and growth. He highlighted the company's return to Venezuela as a significant achievement. Trump urged energy companies to reduce consumer fuel prices immediately. He believes the oil industry would have failed without his administration's strength. The former president emphasized lower energy…

The Economic Times

Chevron Stock Moves Higher on Strong Results -Shorting CVX Puts and Calls Works Here

Chevron stock rose Friday on strong Q2 results. If oil and gas prices stay elevated, CVX stock could be undervalued. Shorting out-of-the-money CVX puts and calls is an attractive play here.

Barchart

Current price of oil as of August 3, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

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Euronews

Major oil companies reap profits as US-Iran fighting drives energy prices higher

Oil and gas giants raked in massive spring profits while fighting between Iran and the US impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

The Economic Times

Iran war ushers in oil refining golden era. It won't last

War-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the windfall may prove temporary as capacity returns and energy transition pressures re-emerge.

Benzinga

Hunter Biden Says Trump Is Making 'Big Oil' Great Again as Chevron, Exxon Mobil Profits Soar—Gavin Newsom Says CVX Is 'Fleecing Californians'

Former President Joe Biden‘s son Hunter Biden and Gov. Gavin Newsom (D-CA) slammed Chevron Corp. (NYSE:CVX) and ExxonMobil Holdings Corp. (NYSE:XOM), accusing the oil giants of profiting from the war in Iran.

Bangkok Post

Chevron completes Total Wellhead Platform Reuse at Chaba B

Chevron Offshore (Thailand) Ltd has safely and successfully completed its first Total Wellhead Platform Reuse project in the Gulf of Thailand, reflecting the company’s focus on practical innovation that improves efficiency, lowers costs and supports efforts to reduce greenhouse gas emissions.

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Barchart

Hoping for Lower Prices at the Gas Pump? After Exxon Doubles Profits, CEO Darren Woods Says ‘I Wouldn’t Hold My Breath.’

In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.

Fortune

Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply

The Big Oil giants are taking home near-record profits from high oil and fuel prices worldwide.

MarketBeat

Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector

Chevron posted Q2 2026 earnings of $12.1 billion as elevated Brent crude and strong refining margins boosted results, but the stock struggled to rally as gains appeared already priced in.

The Independent UK

The Latest: Trump announces deal for Hamas to disarm in Gaza, but hurdles and uncertainty remain

Hamas said Friday that it reached an agreement to disarm, a significant move that could help end the war in Gaza — but one that will face many hurdles and could take a long time if ever to achieve

International Business Times

Oil Companies See Record Profits In Q2. Exxon Mobil And Chevron Are Among Those Benefiting From Iran War

U.S. oil and gas companies have seen profits soar, largely a result from disruptions related to the Iran war.

The Independent UK

Oil companies are expected to reap big profits because of US-Iran conflict

Analysts are expecting major oil companies to report large profits while fighting between Iran and the U.S. impeded petroleum shipments

The Economic Times

Big bets, bigger risks: Why US oil majors are holding back in Venezuela

US oil companies and Venezuela's government face stalled negotiations over key oil assets. Companies seek fiscal guarantees and access to attractive fields, which remains unresolved. Washington encouraged investment to boost crude output amid global supply concerns. Legal uncertainty and past nationalizations deter major companies from new capital. Smaller producers are…

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