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$1,000,000,000 in profit every day! As consumers paid more for fuel amid US-Iran conflict, here's who cashed in
Aug 5, 2026
Livemint

$1,000,000,000 in profit every day! As consumers paid more for fuel amid US-Iran conflict, here's who cashed in

The world’s eight largest oil companies made $1 billion in profit every day during the spring quarter. As the US-Iran conflict sent energy prices to $126 per barrel, these firms got massive gains. President Donald Trump said the biggest US oil companies were "making too much money" amid the surge.