Big old profits tripled in Q3 as U.S.-Iran war intensified

What happened: Combined quarterly profits of the biggest U.S. oil and gas producers have tripled since the start of the U.S.-Iran war, reaching $67B in the third quarter. Key numbers: $67B in combined third-quarter profits, $47B more than what was recorded previously. Why it matters: The content attributes the tripling of producer profits to the intensification of the U.S.-Iran war.

Combined quarterly profits of the biggest U.S. oil and gas producers have tripled since the start of the U.S.-Iran war, reaching $67B in the third quarter.

The content attributes the tripling of producer profits to the intensification of the U.S.-Iran war.