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Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally

Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally
Bloomberg Markets Tuesday 07 July 2026, 21:29 UTC By Kevin Crowley 1 min read
Key Points

Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally ExxonMobil Holdings Corp. said second-quarter earnings jumped by almost $4 billion as the Iran conflict boosted oil prices. The $3.7 billion profit increase from the upsurge in crude markets was compounded by an additional $3.3 billion in refining and chemical gains, the Spring, Texas-based company said in a statement on Tuesday.

Exxon Sees $3.7 Billion Profit Surge From War-Driven Oil Rally ExxonMobil Holdings Corp. said second-quarter earnings jumped by almost $4 billion as the Iran conflict boosted oil prices. The $3.7 billion profit increase from the upsurge in crude markets was compounded by an additional $3.3 billion in refining and chemical gains, the Spring, Texas-based company said in a statement on Tuesday.
Exxon (ORG) ExxonMobil Holdings Corp. (ORG) Iran (LOCATION) Spring (ORG) Texas (LOCATION)
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