130 billion dollar profit of American oil companies in the shadow of the Iran war While the Iran war caused the world energy market to face a crisis, the big American oil and gas companies made unprecedented profits. According to data from the LSEG Institute, the total profit of 51 major US oil companies exceeded $130 billion from April to September 2026; A figure almost triple from the corresponding period last year, which was less than 47 billion dollars. Disturbances in the passage of oil tankers in the Strait of Hormuz, damage to the energy infrastructure and the increase in fuel prices were the main reasons for this jump. By contrast, American consumers have paid $150 billion more for gasoline and diesel since the start of the war; That means more than $1150 per household.

130 billion dollar profit of American oil companies in the shadow of the Iran war While the Iran war caused the world energy market to face a crisis, the big American oil and gas companies made unprecedented profits. According to data from the LSEG Institute, the total profit of 51 major US oil companies exceeded $130 billion from April to September 2026; A figure almost triple from the corresponding period last year, which was less than 47 billion dollars. Disturbances in the passage of oil tankers in the Strait of Hormuz, damage to the energy infrastructure and the increase in fuel prices were the main reasons for this jump. By contrast, American consumers have paid $150 billion more for gasoline and diesel since the start of the war; That means more than $1150 per household.