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US Oil Industry Earned over $130 Billion in Profit During Iran War

Brown University researchers said Americans paid $147 billion more for fuel as refiners and producers captured higher margins during the Iran war.

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.

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Chevron, Exxon Mobil and Valero made $130 billion in six months, almost three times the previous year, while the gas bill goes up in the war against Iran.

The US oil industry has made over $130 billion since the start of the war with Iran (ed. between… US oil giants are hoarding

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GV Wire broke the news on Friday, October 30, 2026.
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