Oil giants report blowout profits on war, warn high gas prices could persist
ExxonMobil and Chevron reported major profit gains as the Middle East conflict disrupted energy supplies and boosted oil company earnings. ExxonMobil’s second-quarter profits more than doubled to $14.5 billion, while Chevron earned $12.1 billion, driven by higher energy prices and supply constraints. Despite strong company results, gasoline prices remain above $4 per gallon, creating political challenges for President Donald Trump ahead of the midterm elections. … Continue reading Oil giants report blowout profits on war, warn high gas prices could persist
