Yhn EnvironmentEnvironment first seen 1 d ago, last 40 min ago, peak #3
US Oil Majors Earned $130 Billion in Profits During Iran War
Original: U.S. Oil Industry Earned over $130B in Profit During Iran War
A New York Times report finds that ExxonMobil, Chevron and other US oil companies earned more than $130 billion in combined profits during the Iran war, as conflict-driven supply fears pushed up crude prices and refining margins. Readers are debating whether the industry profiteered from the fighting and what the earnings say about wartime energy economics.
Why now: Wartime windfall profits by oil companies are politically explosive and fuel debates about price gouging and windfall taxes.
ExxonMobilChevronUnited StatesIranNew York Times
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- U.S. Oil Industry Earned over $130B in Profit During Iran War · ceejayoz · 41
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