Nine big oil firms on track to share more than £95bn profit two quarters in a row
Major oil companies have posted exceptionally high profits in recent quarters, with nine firms expected to share more than $95 billion in the third quarter alone. The surge in profits follows rising fuel prices driven by conflict in the Middle East. Oil company shareholders, including prominent political figures, have benefited significantly from these gains. Consumers have faced record high gas prices during this period.
28 across the spectrum. Choose a side on the bar to jump to it.
National story. 34 articles from 31 sources. 28 are on the bar; 3 are international, entertainment or tech outlets, listed separately. Updated 17h ago.
Part of The US-Iran war: oil prices, gas prices and the market fallout
Left
10 sourcesUS oil industry earned over $130 billion in profit during Iran war
Center
12 sourcesU.S. oil industry earned over $130 billion in profit during Iran war
Oil giants report windfall profits as high gas prices loom over the election
Right
6 sourcesOil giants post billions in profits as Americans feel pain at the pump
Exxon and Chevron report massive profits after Trump brags U.S. energy companies are ‘making a freaking fortune’ just before midterms
Big Oil rakes in over $130B in profits as soaring gas prices squeeze consumers amid Iran war
Other outlets
International, entertainment and tech outlets, by their rating. Not counted in the bar above. How we count coverage
Left
2 articlesNine big oil firms on track to share more than £95bn profit two quarters in a row
Center
1 articleRight
0 articlesNone
The story so far
2 developments- Oct 30Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
- Nov 2Nine big oil firms on track to share more than £95bn profit two quarters in a row
Who covered each development