Looks Trump bailed out the oil companies again even though they're making record

[theking]

..profits already...

That just means more money under the table going Trump's way...

US gas prices experienced their largest single-day jump in 4 years, with the national average rising 11 cents to $3.11 per gallon. This sharp increase, occurring around March 3, 2026, was driven by rising oil prices due to conflicts in the Middle East. Some states saw even higher, double-digit increases overnight

[theking]

YUP, and guess who the massive "under the table" profit payout is going to...??

Exxon made $160 million per day last quarter as oil prices surged
Big Oil is minting money.

ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war.

Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings and its highest haul since 2022 during the onset of the Russia-Ukraine war.

Broken down, Exxon made about $160 million per day last quarter.

Chevron, the No. 2 US oil company, posted a profit of $12.1 billion, more than quadrupling the $2.5 billion it made in the same period last year.

“These companies are printing money because oil prices spiked around the world,” said Andy Lipow, president of Lipow Oil Associates. Global oil prices have surged more than 40% so far this year.

Not only that, but Exxon and Chevron own refineries that are cashing in on the damage done by war.

The US-Iran war has wiped out a chunk of refinery capacity in the Middle East, just as Ukraine’s drone strikes have derailed Russia’s refinery operations.

Lipow estimates the world has lost about 6 million to 7 million barrels of refining capacity per day, making existing refineries even more profitable.