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Business

Chevron Posts Record Quarterly Profit as Iran War Drives Oil Prices

Chevron reported its largest quarterly profit ever, while Exxon saw income surge, as high oil and fuel prices worldwide boosted the bottom lines of America's biggest oil companies. The gains come as the Iran war continues to disrupt global energy supplies, keeping prices elevated. The strong results highlight how major energy firms are profiting from the conflict-driven rally in crude, even as consumers and businesses face higher costs at the pump and for heating. Neither company disclosed specific figures in the available reports, but the earnings reflect a broader trend of soaring profitability across the oil sector. Analysts say the combination of supply disruptions and strong demand is likely to keep supporting energy prices in the near term.

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