Part of Trump's Economic Reality Check · 4 stories · since Oct 16 · newest 4d ago
Oil Majors Post Record Profits as Iran War Drives Up Gas PricesNYT finds US oil industry earned over $130bn since war began
3 Oct 30 6:35 AM · 9d ago · 33 articles · 1 video · 18 posts · 8 comments · 6 sources · development 3 of 7
A New York Times analysis of more than 50 large US oil and gas companies found nearly $130 billion in profit from April through September, versus less than $47 billion over the same months in 2025; ExxonMobil's profit doubled and Chevron's rose 180 percent.
“more than $130 billion in profit as people pay much higher prices for gasoline, diesel and other fuel.”
New York Times
Donald Trump US PresidentWael Sawan Shell CEO
Chris Van Hollen US SenatorPhilip Evans Senior campaigner, GreenpeaceExxonMobil Oil major
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What was reported 1 claim about this development
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6 outlets US Oil and Gas Companies Earn More Than $130 Billion in Profits During Six Months of War With Iran
first by Stories Framing the Globe, 9d ago · also Yahoo Finance, The Seattle Times, NYT, NYT Climate, NYT Middle East
2 more headlines
- US Oil Industry Earned Billions More in Profits Than During the Same Period in 2025 Amid Iran War Yahoo Finance · 8d ago
- U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War The Seattle Times · 8d ago
On air 1 segment · click to watch, arrow keys to move
What people said 12 voices · best of 13 · verbatim
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M
The Republicans' stupid war with Iran was an excuse for their fossil fuel pals to make out like bandits.
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The war with Iran has been very lucrative for American oil companies, which have earned more than $130 billion in profit as people pay much higher prices for gasoline, diesel and other fuel. That is a conservative estimate based on the performance of more than 50 large U.S. oil and gas companies, most of them producers or refiners, in the six…
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Exxon Reaps Record Profits From Oil Refining on War-Driven Gasoline, Diesel Spikes https://www. bloomberg.com/news/articles/20 26-10-30/exxon-reaps-record-oil-refining-profits-on-war-driven-gasoline-diesel-spikes?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg
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They're making record profits right now, but ultimately, they're killing their own business model. These higher prices are doing a lot to drive people away from fossil fuels. Electric cars and trucks, heat pumps, renewable energy. Since these alternatives are technologically superior and often have cheaper running costs, the lost demand gone for…
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T
BP profits hit 18-year high as Iran war drives up oil refining margins https://www. theguardian.com/business/2026/ oct/30/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins
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It wouldn't be so so so bad if they didn't make huge profits before and were not getting tax payer subsidized working conditions/locations. Like a drug dealer they have helped create a dependent state that we are forced to pay. Now with electricfication of more things oil will lose its cash cow while gobbling up new industry to lord over folks
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C
# CNN # News Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
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Money sorely needed to invest in American jobs and infrastructure.. I'm fine with boomers and NFL sportsball tailgaters paying more for gas.
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And not a peep about any windfall profits tax. Trump started the war with Iran solely so he and big oil could make a "freaking fortune".
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Any day now the oil companies will be so tired of making obscene profits, and give gas away for a month. /$
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At the expense of our finest men and women stationed overseas because that corrupt had campaign promises
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It still is but when the prosecutors are also the profiteers there's not much enforcement
All 7 developments of Oil Majors Post Record Profits as Iran War Drives Up Gas… →
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