ExxonMobil, Chevron’s combined profits quadrupled in three months as the Iran war raged

ExxonMobil and Chevron reported combined second-quarter profits of more than $26 billion, an increase of more than 300% compared to the prior-year quarter. The profit figures were released during a period of geopolitical tension in the Middle East. Both companies benefit from crude oil price movements tied to global supply and demand.

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