Major oil companies, including ExxonMobil, Chevron, and Shell, have announced record or near-record profits for the second quarter of 2026. ExxonMobil reported a profit of approximately $14.5 billion, while Chevron posted $12.1 billion and Shell between $9.8 billion and $10.8 billion. These results reflect the continued impact of elevated crude prices due to supply disruptions in the Middle East. Market analysts note that Chevron’s earnings represent the highest quarterly profit in at least six years. The strong financial performance of these companies suggests that high oil prices and robust refining margins are translating into significant producer profits.
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