Al Jazeera analysis: US-Israel war on Iran boosts energy firms' profits, hurts airlines and automakers; ExxonMobil Q2 profit hits $14.5bn
The six-month-long US-Israel war on Iran has created economic winners and losers, with energy companies like ExxonMobil, Chevron, TotalEnergies, Shell, and BP reporting significantly increased profits due to soaring oil prices. ExxonMobil's Q2 profit reached $14.5 billion, its best in four years, while Chevron posted $12 billion, a six-year high. Conversely, airlines and automakers have taken a hit. The conflict has also driven up food prices due to higher fuel and fertilizer costs, and the cost of the war is estimated to be at least $37.5 billion, with some analyses suggesting it could reach $1 trillion.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
UBS: A-share tech sector's "crowding" has significantly eased, market downside risk is limited.
-
2
Goldman Sachs: U.S. Equity Market Sentiment Is Depressed, But Three Major Buying Forces Are Set to Return
-
3
AI supply chain credit cracks spark market concerns, 10-year US Treasury yield falls to 5.09%, a three-week low.
-
4
The KOSPI plunged 7.57% to close at 5554.22 points, triggering circuit breakers. Foreign investors net sold $3.6 billion in a single day.
-
5
South Korea's KOSPI index fell 7.85% intraday, now at 5,537.34.
-
6
TSMC's Q4 revenue guidance exceeded expectations by 6% to $53.3 billion, with a full-year growth forecast raised to 44%, and consideration for further expansion in the US.
-
7
Reserve Bank of New Zealand Chief Economist Paul Conway stated that the interest rate decision in late October is "completely open," despite accumulating inflationary pressures.
-
8
Korean semiconductor expert: Expanding chip capacity could help regain market share from China
-
9
The Office of the Comptroller of the Currency (OCC) investigation found that nine large banks restricted crypto accounts, but new rules will limit regulators from pressuring banks citing "reputational risk."
-
10
The KOSPI fell 7.57% on Thursday, closing at 5,554.22 points.
Markets Today
Recommended Reading


