Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
Coverage across the spectrum
How we rate outletsThe story so far
- U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War.
- Big Oil Scores $56 Billion Windfall on War-Driven Refining Spike.
- American Oil Giants See Profits Soar as Wars Crimp Energy Supplies.
Who's reporting it
All 5 sources- WSJWSJWSJCenter
American Oil Giants See Profits Soar as Wars Crimp Energy Supplies
- CNNCNN
CNNLeftBig Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
- BloombergB
BloombergCenterBig Oil Scores $56 Billion Windfall on War-Driven Refining Spike
- The New York TimesTN
The New York TimesLeftU.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
Timeline
3h ago
The New York Times: That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
2h ago
Yahoo: U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
2h ago
Yahoo: Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.
2h ago
Yahoo: Big Oil Scores $56 Billion Windfall on War-Driven Refining Spike
2h ago
Yahoo: American Oil Giants See Profits Soar as Wars Crimp Energy Supplies
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