US, Russia said to discuss deals for major US oil firms
The proposals include joint oil ventures, airspace access and sanctions relief, but officials say nothing will move until a peace deal is reached.
- The US and Russia are discussing potential postwar business deals to bring Vladimir Putin into negotiations to end the war in Ukraine, according to The Financial Times. Proposals involve American oil majors, aviation, titanium, and sanctions relief.
- US special envoy Steve Witkoff discussed potential arrangements with Putin during a September meeting in St. Petersburg; during a Moscow visit last week, photographs showed "Business Deals" written on Witkoff's notepad.
- Proposals extend beyond oil to include restoring US airline access to Russian airspace and reviving titanium cooperation, alongside a proposal to transfer management of the Russian-occupied Zaporizhzhia Nuclear Power Plant to a US entity.
- European officials have repeatedly opposed lifting sanctions or striking economic deals with Moscow before the war ends, stressing that decisions affecting EU interests cannot be made without European participation.
- Planned trilateral talks involving Ukraine, the US, and Russia are scheduled for next month in Abu Dhabi; meanwhile, ExxonMobil, which previously held a 30% stake in Sakhalin-1, has not indicated plans to return to Russia.
78 Articles
78 Articles
Big Oil rakes in over $130B in profits as soaring gas prices squeeze consumers amid Iran war
More than 50 major US oil and gas companies have raked in over $130 billion in total profits during the ongoing Iran war as soaring gasoline and diesel prices squeeze consumers.
US Big Oil Has Made $130B+ In Profit During Iran War
The New York Times reports: The war with Iran has been very lucrative for American oil companies, which have earned more than $130 billion in profit as people pay much higher prices for gasoline, diesel and other fuel. That is a conservative estimate based on the performance of more than 50 large U.S. oil and … The post US Big Oil Has Made $130B+ In Profit During Iran War appeared first on Joe.My.God..
US oil companies fill their coffers
While the average American household has spent $1,100 more on gas and diesel since the start of the Iran war, oil companies have been profiting from higher fuel prices. The same 50 US oil and gas companies made less than $47 billion in profits over the same period in 2025. Meanwhile, US President Donald Trump boasted that the US was making a “freaking fortune” from oil at a rally last week. Polls show most Americans feel the opposite.
US Oil Companies Are Coming Out as Victors of the Iran War. They Have Made Over $130 Billion Since.
ExxonMobil, Chevron and Valero have reported sharp earnings gains, but executives are largely sticking with existing investment plans rather than rushing to expand capacity.
U.S. Oil Industry Reports Blowout Profit as Trump Brags About It
The U.S. oil industry has made more than $130 billion in profit during the Iran war—while normal Americans continue to pay exorbitant prices at the gas pump.The New York Times reported that the country’s 50 largest oil and gas companies raked in a massive profit from April to September. The $130 billion profit margin eclipses the $47 billion that these companies made during the same six-month period last year. The last comparable economic windfa…
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