New York, July 31, 2026 (AFP) - ExxonMobil profits surge to $14.5 bn on oil price jump due to war

NAMPA / AFP

2026-07-31

ExxonMobil's second-quarter profits more than doubled to $14.5 billion on surging oil prices and refining margins due to the Middle East war, the company reported on Friday. The results come on the heels of massive profits reported by other petroleum giants in the aftermath of Iran's virtual shutdown of the Strait of Hormuz, a key waterway for crude oil and liquefied natural gas shipments. With revenues of $116 billion, up 42 percent, ExxonMobil......

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