ExxonMobil posts $14.5 billion profit on war-driven oil price surge

ExxonMobil reported a quarterly profit of $14.5 billion, according to the company's financial statement, driven by the surge in oil prices linked to the ongoing Middle East conflict.

ExxonMobil reported a quarterly profit of $14.5 billion, citing the surge in oil prices tied to the Middle East war. The result reflects the impact of sustained high oil prices, a key theme in recent months amid the US-Iran confrontation, as The Zioneer reported earlier this month when oil prices surged to $85 per barrel. Global energy markets remain volatile, with geopolitical developments continuing to drive price swings.

• Developing21:17 · 13 JulOil prices jump more than 8% as US-Iran conflict worsens
• Strong08:21 · 14 JulOil prices surge to $85 per barrel, extending rally
• Developing16:57 · 8 JunU.S. airlines' fuel expenses surged 78% in April, DOT reports
• Developing18:52 · 17 JunOil spikes 5% on US-Iran peace talk jitters

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