Headline: New York Times, 7/31/2026
International oil prices averaged around $96 a barrel in the second quarter, up 45 percent from the same period last year. That rewarded the companies that remained able to extract oil and ship it around the world despite the fighting in the Middle East.
Exxon Mobil, the largest U.S. oil company, said on Friday that it had earned $14.53 billion in the April through June period, more than twice as much as it did in the second quarter of 2025. Chevron’s second-quarter profit soared to $12.07 billion, from $2.49 billion a year earlier.
The longer the war drags on, the more profitable this year is likely to be for oil companies, which generally benefit when energy is scarce and prices are high. [emphasis added]
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On Day 80 of Trump War of Whimsy, skyrocketing price of diesel fuel wreaks havoc on school budgets. (5/18)
Day 69: We learn how much Pete Hegseth isnt telling us about epically damaged U.S. military assets. (5/7)
Day 65: Iran War has cost American consumers more than $31 billion in extra fuel costs. (5/3)April 2026
Day 62: Price of oil spikes. (4/30)
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