U.S. Oil Companies Post Record Profits as Oil Prices Break $100

TLDR: U.S. oil companies are projected to earn $63 billion in additional cash flow in 2025 alone. Oil prices surged from $70 to over $100 per barrel following the U.S.-Iran conflict on Feb. 27. Exxon and Chevron are keeping capital spending flat, directing profits to wealthy shareholders instead. Economists now place the probability of a [...]

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