Oil companies see record profit in Q2 after gas prices reach $5 national average in mid-June


Chevron and Exxon Mobil posted record Q2 profits as high commodity prices boosted profits, while the national average for a gallon of gasoline reached record highs. This comes as President Biden has called on companies to raise output, saying they’re keeping prices elevated at the expense of consumers.

See also  Firms cautiously optimistic for Q3: Survey