American oil companies made more than 130 billion dollars during the war with Iran. The New York Times From April to September, more than 50 major U.S. oil and gas companies earned nearly three times what they did in the same period in 2025, when their combined earnings were less than $47 billion, The New York Times reports. However, the calculations do not take into account income for March and October, so the actual profit for the entire war period may be higher. Brown University's Climate Solutions Lab estimates that Americans have spent an additional $147 billion on gasoline and diesel since the U.S. and Israeli strikes on Iran began on February 28. That's more than $1,100 per household. Oil refining companies generated particularly high profits. The damage to plants in the Middle East and Russia has reduced global refining capacity, increasing refinery margins. In the third quarter, American companies reported the following results: - Exxon Mobil - a profit of 15.41 billion dollars.
- Chevron - 9.92 billion dollars.
- Valero Energy - $6.83 billion.
- Phillips 66 - $5.62 billion. Exxon's earnings more than doubled in the quarter, Chevron's earnings nearly tripled and Valero Energy's earnings more than sixfold. The European oil companies also recorded a significant increase in revenues. Shell earned $12.06 billion in quarterly profit, and TotalEnergy earned $8.26 billion, both more than double last year's results. At the same time, according to the publication, many oil companies are in no hurry to increase production or expand refining capacity. They use additional income to pay off debt, build up cash reserves and possibly pay shareholders. Thus, the war with Iran and the resulting rise in energy prices brought the American oil companies billions of dollars in profits, while at the same time increasing the fuel costs of the population. Donald Trump in Russian.