Yhn EnvironmentEnvironment first seen 1 d ago, last 30 min ago, peak #3
US Oil Industry Earned Over $130B in Profit During Iran War
Original: U.S. Oil Industry Earned over $130B in Profit During Iran War
Major US oil companies, including ExxonMobil and Chevron, reportedly earned more than $130 billion in profits during the period of the Iran war, according to a New York Times report. The figures have drawn attention to how energy producers benefited from higher prices and disrupted supply while the conflict lasted, renewing debate over windfall profits in wartime.
Why now: The scale of oil industry profits during an active war is drawing public scrutiny and debate over wartime price gouging.
ExxonMobilChevronUnited StatesIranNew York Times
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- U.S. Oil Industry Earned over $130B in Profit During Iran War · ceejayoz · 41
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