# Eight Oil Giants Earn Nearly $93 Billion as Iran Conflict Lifts Prices 2026-08-06T22:01:37+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet The world’s eight largest listed oil companies earned nearly $93 billion in the spring quarter, or more than $1 billion a day, as the US-Iran conflict pushed crude prices higher, Livemint reports. Saudi Aramco led with quarterly net income above $33 billion. ExxonMobil earned $14.5 billion, Chevron $12.2 billion and Shell $9.84 billion. Brent crude briefly reached about $126 a barrel before easing. The companies say strong profits support future investment, while US President Donald Trump criticised ExxonMobil and Chevron for earning too much. Oil prices remain unsettled. Times Now reports Brent near $84 and WTI near $80 on August 7 after Iran published a draft plan restricting some shipping through the Strait of Hormuz. Trump said the war could end soon, but Iran and Oman have not announced a transit agreement. A Ukrainian strike on Russian refineries also added supply concerns. ## Coverage - livemint.com - timesnownews.com Tags: Brent crude, crude oil, energy prices, Iran conflict, oil companies Canonical: https://indianopinion.org/eight-oil-giants-earn-93-billion-as-iran-conflict-lifts-prices/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/eight-oil-giants-earn-93-billion-as-iran-conflict-lifts-prices/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.