Big oil’s profits soar as Iran War keeps drivers paying more at the pump
Major oil companies like Chevron are reporting record-breaking quarterly profits as gas prices remain high due to geopolitical tensions in Iran. The earnings highlight the financial windfall for the energy sector despite stagnant consumer prices at the pump.
Why it matters
It illustrates the direct correlation between global conflict, energy market volatility, and corporate profitability.
Gas prices have barely budged for months. On Friday, America’s two biggest oil companies showed just how much that’s been worth…
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