July 31, 2026

Chevron and Exxon quietly gush over giant profit

Source:

News Snapshot:

NEW YORK, July 31 (Reuters Breakingviews) – Combined, the US oil giants made $27 bln in ?quarterly profit, or three times as much as a year ago. The Iran war means bumper petroleum and refining margins. With ?President Trump warning about high gasoline prices, energy ?bosses keep their heads down, talking about efficiency. Full ?view will be published shortly. Sign up here. CONTEXT ?NEWS Chevron said on July 31 that it earned $12.1 billion in ?the second quarter of 2026, compared to $2.5 billion in the same quarter last year. The company produced about 4.1 million barrels ?of oil equivalent…

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Chevron and Exxon quietly gush over giant profit

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