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U.S. oil industry earned over $130 billion in profits during Iran war

newsOct 31, 202625659

The New York Times found U.S. oil and gas companies earned more than $130 billion in profits during the Iran war period, a conservative estimate based on the performance of more than 50 large U.S. producers and refiners in the six months from April through September. That haul was almost three times what businesses producing and refining oil in the United States made in the same period in 2025. Major U.S. firms including ExxonMobil and Chevron reported blockbuster third-quarter earnings as global supply disruptions pushed fuel prices sharply higher. The Times framed the figure as tied to higher retail prices for gasoline, diesel and other fuels paid by consumers. Coverage of the analysis has intensified calls in opinion and political commentary for a windfall profits tax and sharpened criticism that the war has transferred economic gains to the fossil fuel industry.

Dr. Genevieve Guenther (she/they)
@doctorvive.bsky.social

Not only are fossil-fuel companies killing people with pollution and helping to destroy the conditions for life on this planet, they absolutely flourish when there’s war. Has there ever been a more demonic industry?

U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025. Quarterly Profits for U.S. Oil Companies $70 billion Ukraine war $67 billion (estimated) War with Iran Notes: Totals represent the sum of net income for the constituents of the S&P Oil & Gas Exploration &
187Yesterday
Center for Climate Integrity5

Big Oil is profiting massively from its climate lies, leaving the left the rest of us to suffer the consequences and pay for the damages. There must be accountability.

dankd.bsky.social3

How much more evidence do we need that this was always the point of the war: juice US oil industry profits by destroying the capacity of low-cost competitors? Long run, they know they’re toast, might as well get as much as they can from their assets.

velyvan.bsky.social3

And Trump isn't even hiding this. "we're making a fortune", he said. Everything is in the "we".

Dave Coulter2

A # of 3Q earnings reports were to be announced today. And we thought Halloween was scary.

Outlook Tower2

When prices are low, they store. When prices spike, they profit.

En Buen Ora2

A big part of how the world became dominated by oil & the oil companies was WW1. War is an incredibly important part of the power of oil. theconversation.com/how-world-wa...

Quoting this
davepermen2

More demonic? The meat and dairy industry. But both are absolute hell. Need to end both.

Peter Louwe2

For anyone wondering why Carney supports Israeli genocide.

Mia Farrow
@miafarrow.bsky.social

The Iran war has been VErY lucrative for U.S oil companies, which have made more than $130 billion in profit as people pay much higher prices for gasoline, diesel and other fuel. www.nytimes.com/2026/10/30/b...

1502h ago
🅹🅴🆁🅾🅼🅴 🅶🆄🆈2

Do you remember when Trump requested $1B from US oil companies, it was for his campaign...

Scott Horton
@robertscotthorton.bsky.social

Precisely as anticipated, Trump's decision to go to war with Iran has produced a record-setting $130 billion in profits for the US fossil fuels industry. In other nations around the world, windfall profits are triggered. But not in the US. This is a payoff to the industry for their support of Trump.

83Yesterday
Josh Voorhees3

the payoff for their support of Trump — and for their years of warmongering re: Iran, complete with their assurances that these kind of energy spikes couldn't possibly happen... fieldnotes.substack.com/p/trumps-ori...

MsThingy2

And people keep voting Republican...incredible

Sam Papadapolous1

I’m pretty sure there used to be some sort of windfall profits tax in the US if I remember correctly

Richard Blumenthal
@blumenthal.senate.gov

Obscene soaring oil company profits—doubling at Exxon, tripling at Chevron—provide new powerful support for the windfall profits tax I’ve proposed. Put part of those profits back in consumer pockets. www.wsj.com/business/ene...

87Yesterday
Richard Blumenthal23

Stop Trump from profiting corruptly from his own catastrophic illegal war—as owner of skyrocketing amounts of oil company stock.

Chris⚖️Justice2

⚖️ Thank you for fighting back!

Oliver
@oliver48.bsky.social

What oil & weapons billionaires are afraid of is peace talks and thousands more people not dying ... 'U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War' "That was ~ 3 times as much as what businesses producing and refining oil in the United States made in the same period in 2025"

187h ago
UCS Climate & Accountability Campaigns
@ucsclimate.bsky.social

The headlines say it all: #BigOil money in politics is toxic. From obscene war profits to rollbacks of climate & public health protections to skyrocketing fuel prices for everyday people, Big Oil and its political allies are making a killing at the expense of our wellbeing. #MakePollutersPay

Three screenshots of headlines on a black background. One says "Big oil spent $445m in last election cycle to influence Trump and Congress, report says. Investments 'likely to pay dividends', analysis says, as Trump unleashes dozens of pro-fossil fuel executive actions." Another reads "U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War. That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025." The third says "As Trump brags about U.S. oil and gas company profits, his stocks gained millions during Iran war."
11Yesterday
Cambridge for Europe
@cambsforeurope.bsky.social

After the US mid-term elections Trump is expected to launch another attack on Iran. Oil, diesel & petrol prices will rise, hurting businesses around the world. Trump and his cronies will benefit😡 Russia will also benefit, unless Ukraine ensures it doesn't😉 www.cbsnews.com/news/trump-o...

21Yesterday
Jonathan
@jonathansocials.com

Apparently, "national interest" really means oil companies pocketing $130 billion from war, almost three times their normal profits.

12Yesterday
Progressive News Service
@prognews.bsky.social

US oil companies made $130 billion thanks to Iran War price spike. “That is a conservative estimate based on the performance of more than 50 large U.S. oil and gas companies, most of them producers or refiners, in the six months from April through September." www.nytimes.com/2026/10/30/b...

616h ago
papaesoco.bsky.social
@papaesoco.bsky.social

U.S. Oil Industry Reports Blowout Profit as Trump Brags About It newrepublic.com/post/217379/... via @newrepublic.com

914h ago
Antonia Juhasz
@antoniajuhasz.bsky.social

"To the Victors go the Spoils of War." American Oil Giants See Profits Soar as Wars Crimp Energy Supplies. ExxonMobil and Chevron post blockbuster earnings for third quarter as world turns to U.S. refineries for fuel. www.wsj.com/business/ene...

10Yesterday
Quoting this
🏴󠁧󠁢󠁳󠁣󠁴󠁿Mhairi Forrest🏴󠁧󠁢󠁳󠁣󠁴󠁿 🤟🤟🤟3

The oligarchs just love themselves some disasters. They always make money. The love of money is the root of all kinds of evil.

consbegone.bsky.social2

And Carney funnels our tax dollars to foreign-owned big oil Who is he working for, again?

Energy & Commerce Democrats
@energycommerce.bsky.social

They are making record profits while you PAY FOR IT!!

5Yesterday
Jim 🏳️‍🌈🌊💙🇺🇦
@jim735.bsky.social

Trump says he doesn't 'give a damn' about gas prices as US is making a 'fortune'. When Trump says US, he does not mean the U.S., he means us, as in him and his friends. www.cnn.com/2026/10/30/b...

717h ago
Congresswoman Betty McCollum
@mccollum.house.gov

Pres. Trump’s war in Iran has you paying sky-high prices at the pump that are pumping up the profits of his donors in the fossil fuel industry. Since his war started, they’ve made at least $130 billion in profits -- 3X more than last year! End this war and the profiteering!

5Yesterday
Christina Bohannan
@bohannaniowa.bsky.social

NEW REPORTING: Big Oil has made blockbuster profits from the Iran War — literally 3 times what they made in the year before the war. www.nytimes.com/2026/10/30/b...

5Yesterday
Christina Bohannan7

Rep. Miller-Meeks has taken $235K in campaign contributions from the oil and gas industry, and then voted 5 TIMES to prolong the Iran War. She even cast *the deciding vote* to prolong the war TWICE. We literally cannot afford another two years of Rep. Miller-Meeks.

1 source
nytimes.comU.S. Oil Industry Earned Over $130 Billion in Profit During Iran War

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