Markets · 1 sources covering this

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of Ukraine. The bumper profits also drew criticism from US President Donald Trump over high fuel prices.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·2h ago
$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?
Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of Ukraine. The bumper profits also drew criticism from US President Donald Trump over high fuel prices.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/e4c66a8825b175cd1708885bdebeedc934143029"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?"></iframe>

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

How 1 sources are covering this

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

More from Markets

Sensex, Nifty 50 end flat; elevated oil prices, Middle East uncertainty weigh on sentiment

Shiprocket IPO: GMP signals over 25% listing gains; 5 key things to know from RHP

NSE SME stock set for mainboard listing close to 52-week high after Q1FY27 results

Bitcoin holds near $65K as $1.1 billion crypto ETF inflows lift sentiment; CPI in focus

Reader

Trust & legal

Across the network