Chevron reported its largest quarterly net profit ever—$12.1 billion—on Friday as the Big Oil giants demonstrate how they’re reaping the rewards of the Iran war’s oil and gas supply disruptions worldwide.
ExxonMobil’s $14.5 billion second-quarter income and Shell’s $10.8 billion in net earnings represented their most profitable quarters since 2022, when they previously benefited from Russia’s still-ongoing invasion of Ukraine.
