Oil Giants Reap War Profits as Global Chaos Reigns ExxonMobil and Chevron have reported significant profits surges, with Chevron's net income soaring 400% to $12 billion and Exxon posting profits of $14.
5 billion, more than double last year's figures. The recent rise in oil prices, driven by the Iran war, has created a lucrative environment for these energy giants. The average closing price of U. S.
crude oil futures reached $92. 45 per barrel in April June, a 27% increase over the previous quarter. Chevron's U. S.