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Continuing story · 1 report

Chevron and ExxonMobil’s Quarterly Profit Windfall

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Gone quiet since

Where it stands

Chevron reported quadrupled quarterly profits and ExxonMobil more than doubled its profits, according to the August 1 report. The windfall came during peak summer driving season, when households are especially sensitive to pump prices; the report raises who bears the cost but does not say how the public debate concluded.

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Story trackerDay 1

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    1. Update 1$26.5 Billion in 90 Days: How War in the Strait Made Exxon and Chevron Rich

    The story so far

    1. Update 1

      $26.5 Billion in 90 Days: How War in the Strait Made Exxon and Chevron Rich

      $26.5 billion in one quarter on wartime crude — and drivers paying $4 a gallon while Washington demands $2.25.

      Still open after this report

      • No verified breakdown shows how much profit came from higher per-barrel prices versus operational gains, and no verbatim CEO quotes are available in these sources.
      • Stock-index claims about the Dow, Nasdaq and S&P around the earnings, and any link to PBS NewsHour, are unverified in this reporting file.

    History

    1. Opened1 report

    Who's involved

    People

    • Donald TrumpPresident of the United States (2017–2021; since 2025)1 report

    Places

    • HoustonHouston, TX, USA1 report
    • PortlandPortland, OR, USA1 report
    • Strait of HormuzStrait of Hormuz1 report

    Every outlet we read on this story

    11 sources11 outlets1 video