FILE - High gas prices are shown as a pedestrian waits to cross the street in Los Angeles, June 16, 2022. Oil companies were swimming in record profits the last few months. They were benefiting from high energy costs at a time when Americans struggled to pay for gasoline, food and other basic necessities. (AP Photo/Jae C. Hong, File)
July 31, 2022
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July 31, 2022 midnight
Unprecedented profit for major oil drillers as prices soared
On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion. The sky-high profits come one day after the U.K.'s Shell shattered its own profit record.