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News 2026-07-31 12:13 UTC

Chevron Reaps Iran War Oil Windfall, CEO Warns Supply Risks Are Escalating

Chevron Corporation (NYSE: CVX ) shares traded higher Friday after the energy giant reported second-quarter 2026 results that topped Wall Street expectations, driven by record U.S. production, stronger refining margins and higher oil prices. The earnings come as elevated crude prices, fueled by the Iran conflict, boost