Oil and gas companies in the US earn about 130 billion dollars in profit in the first half of 2026. More than 50 companies recorded profits almost three times that of the corresponding period last year. American households have paid about $147 billion in additional fuel costs since the start of the Iran war, an average of over $1,100 per household. Rising energy prices and supply disruptions drove profits.

Oil and gas companies in the US earn about 130 billion dollars in profit in the first half of 2026. More than 50 companies recorded profits almost three times that of the corresponding period last year. American households have paid about $147 billion in additional fuel costs since the start of the Iran war, an average of over $1,100 per household. Rising energy prices and supply disruptions drove profits.