The US oil industry has earned almost $130 billion in profits since the US and Israel began bombing Iran in February. The same companies, according to the New York Times, earned less than $47 billion over the same span of 2025, when oil was comparatively cheap. Shipping and insurance costs have spiked thanks to the […]

'Trump's buddies in big oil' profited $130bn from Iran war, US senator says US Senator Chris Van Hollen has said that US President Donald Trump's "buddies" in oil business have made $130 billion in profit while American households have paid "over 1,100 in extra fuel costs". In a post on X, Hollen said “Since Trump…

“All the excess cash we’re accumulating will ultimately be directed toward our owners,” one oil executive bragged.

The U.S. oil industry has made more than $130 billion in profit during the Iran war—while normal Americans continue to pay exorbitant prices at the gas pump. The New York Times reported that the country’s 50 largest oil and gas companies raked in a massive profit from April to September. The $130 billion profit margin…

350.org says oil companies cannot continue to reap the rewards of fossil fuels while households face rising energy bills and communities bear the costs of climate devastation. As communities across the world face devastating heat, droughts, wildfires and growing pressure on public services, US oil giants Chevron and…