Chevron, Exxon Mobil reap massive profits as Iran war drives energy prices higher
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Article Excerpt
Chevron, Exxon Mobil reap massive profits as Iran war drives energy prices higher
CATHY BUSSEWITZ
NEW YORK
THE ASSOCIATED PRESS
PUBLISHED 1 HOUR AGO
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American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterw…
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