Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire

ExxonMobil and Chevron made a combined $26. 5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. Washington is investigating why gasoline costs so much. Chevron reported record net income of $12.

2 billion, nearly five times its year-ago profit. Exxon earned $14. 5 billion, double what it made during the same quarter last year and its best result since oil prices soared following Russia’s invasion of Ukraine.