Story not found
This article may have been removed or the link is incorrect.
← Return to briefing
business
Houston-based oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher
Summary by Spring Editorial Desk · Byline on the source page: Cathy Bussewitz, AP Business Writer , as published by Houston Public Media
· July 31, 2026
· 1 min read
Photo: Houston Public Media · view original
Story provenance No corrections
Summary created by Spring Editorial Desk — automated, rule-governed Byline on source page Cathy Bussewitz, AP Business Writer, as published by Houston Public Media Original story Read at the source Source published Jul 31, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
Every story comes with a passport. How we work · Corrections log
Key takeaway The companies' profits have nearly doubled or quadrupled, with Exxon Mobil's profits reaching $14.
Houston-based oil companies have seen significant increases in profits. 53 billion in second-quarter profits, which is up 105% from the same time last year. Chevron also experienced a substantial increase in profits.
07 billion. S. and Iran.
Further details on the oil companies' profits and the factors contributing to the increase can be found through Houston Public Media.
Why this matters
Local business news drives decisions about where to shop, where to invest, and where to apply for jobs. Spring covers openings, closings, expansions, and economic shifts because each one ripples through the community.
About this story
As published by Houston Public Media . Spring surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Houston Public Media . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 31, 2026 ·
Source: Houston Public Media ·
Reading time: 1 min
Frequently asked about this story
What is this story about? Houston-based oil companies have seen significant increases in profits. Exxon Mobil reported $14.53 billion in second-quarter profits, which is up 105% from the same time last year. Chevron also…
When was this published? This article was first published on July 31, 2026 by Houston Public Media and curated for Spring readers.
Who reported this story? This story was reported by Cathy Bussewitz, AP Business Writer at Houston Public Media. To learn more about how Spring selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Spring, or browse our daily briefing and topic hubs .
← Back to all news
More business →
Today’s briefing
Subscribe to newsletter
Local information
Continue reading
This preview is provided by Spring News. Full article available at .