Commodities
$152.8B Oil Profits Put Pressure on Trump Ahead of Midterms
The world's nine largest oil companies have posted combined first-half profits of $152.8 billion, a significant increase from last year's figure.
This surge in profits is largely due to higher crude prices driven by the ongoing war, which has put pressure on US President Donald Trump's administration.
The combined profit of ExxonMobil, Chevron, ConocoPhillips, Shell, bp, TotalEnergies, Eni, Equinor, and Saudi Aramco increased by $55.4 billion from the same period last year.