Iran war and oil profits
The article says the US-Iran conflict disrupted Gulf oil and petroleum exports through the Strait of Hormuz, lifting global oil prices and creating windfall profits. It cites first three-month profits above $90B for major international oil companies and names ExxonMobil ($14.5B), Chevron ($12B), Shell (about $10B adjusted), BP (more than doubled). It also cites Phillips 66 refining earnings of $3.09B and $24.08/bbl margins.







