GeneralNeutralBlockonomi · Mar 15🔥 8/10
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U.S. Oil Companies Post Record Profits as Oil Prices Break $100
U.S. oil companies are projected to earn $63 billion in additional cash flow in 2025 as oil prices surged from $70 to over $100 per barrel following a U.S.-Iran conflict on February 27. Major companies like Exxon and Chevron are maintaining flat capital spending while directing record profits to shareholders.