Yhn EnvironmentEnvironment first seen 2 d ago, last 6 min ago, peak #3
U.S. Oil Industry Earned Over $130B in Profit During Iran War
Major American oil companies, including ExxonMobil and Chevron, earned more than $130 billion in combined profits during the recent war with Iran, according to a New York Times report. Higher prices driven by the conflict boosted earnings, drawing criticism from readers who argue the industry profited from war and renewed calls for windfall taxes.
Why now: The scale of oil profits during an active conflict is fueling debate over war-related price gains and potential windfall taxes
ExxonMobilChevronUnited StatesIranNew York Times
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- U.S. Oil Industry Earned over $130B in Profit During Iran War · ceejayoz · 42
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