Big Oil minted big money as the Iran war delivered American drivers the highest gas prices on record for the third quarter.
The two biggest US oil companies posted huge jumps in profit on Friday. ExxonMobil earned $15.4 billion in the third quarter, slightly more than doubled from what it earned a year ago, while Chevron’s adjusted earnings were up 186%, to $10.4 billion. Analysts forecast both could report record profits for the full year.
