COVERAGE GAP

Big Oil Profits Surge on Iran War

Oil companies report record or near-record earnings as Iran conflict drives up crude prices.

COVERAGE GAPLEFT SOURCES ONLY

WHAT'S CONFIRMED

▸Chevron reported its highest quarterly earnings ever amid elevated oil prices. — NPR Economy, Marketplace
▸BP reported profit levels highest since 2022, driven by higher oil prices from Iran war. — BBC Business, Marketplace
▸Iran conflict restricts oil supply and keeps global prices elevated. — NPR Economy, Marketplace

NOT REPORTED ELSEWHERE

▸ExxonMobil doubled its earnings compared to the same time last year. — NPR Economy
▸Shell reported its second-biggest quarter ever from elevated crude prices. — NPR Economy
▸West Texas hiring and new rigs increased as Permian Basin companies report strong earnings. — Marketplace
▸Oil companies remain cautious about expansion to avoid repeating boom-bust cycles. — Marketplace

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