Chevron Posts Largest Quarterly Profit Ever, Exxon Income Surges as Iran War Squeezes Oil Supply Chevron and ExxonMobil have posted record breaking quarterly profits, with the two oil giants raking in a combined $26.
6 billion in just three months. The staggering figures come as the global oil market continues to grapple with the disruptions caused by the ongoing conflict in Iran.
The Iran war has had a profound impact on global oil supplies, pushing prices to nearly $90 per barrel. This has led to a windfall for Big Oil, but at what cost?