Are oil companies profiting from the Iran war? Experts explain - ABC News - Breaking News, Latest News and Videos

🔴 Tension Rising ABC News - Breaking News, Latest News and Videos 2026-05-01
Global oil prices have soared due to the Iran war, significantly impacting the profits of oil companies. Some firms suffered losses due to supply disruptions and hedging strategies, while others like BP and TotalEnergies capitalized on the high prices. ExxonMobil experienced losses despite the price increase due to supply disruptions.
경제제재석유제재유가영향미이란외교해상안보에너지시장
Source: ABC News - Breaking News, Latest News and Videos (abcnews.com)
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