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.
Source:半岛电视台 · Source Link
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