What happened to ExxonMobil's earnings?

They doubled compared to last year.

What happened to Chevron's earnings?

They reported their highest quarterly earnings ever.

World1 outlet covering thisCalibrating

Oil companies report sky-high profits thanks to wartime crude prices

First publishedJul 31, 20:28 UTC

Last updatedAug 2, 20:35 UTC · 14m ago

1 outlets over time — hover a bar for its window & outletslast updated

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Answer

Chevron reported its highest quarterly earnings ever, Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time last year.

Reported by 1 outlet — NPR Business. See all sources ↓

Oil companies are making a lot of money. They are making more money than ever because of high oil prices. This is happening because of the war.

Why it matters

This is important because it affects the cost of living and the economy. People are paying more for gas and other things.

In brief

Why are oil companies making so much money?: Because of high oil prices.
What happened to ExxonMobil's earnings?: They doubled compared to last year.
What happened to Chevron's earnings?: They reported their highest quarterly earnings ever.

Different angles across outlets

Coverage map

How outlets are framing the same story

These are the main editorial angles found across reporting. Use them to quickly compare what different outlets emphasize, omit, or question.

The outlets report on the high profits of oil companies in a straightforward way, without any negative tone.

Coverage cardFraming signal
1Angle
Scouting report
Oil companies are making a lot of money due to high oil prices.
Sources1
TypeAngle
NPR BusinessJul 31, 20:28Reports on Chevron's record earnings.
Coverage cardFraming signal
2Angle
Scouting report
Oil companies are making a lot of money due to high oil prices, and this is affecting the economy.
Sources1
TypeAngle
NPR BusinessJul 31, 20:28Reports on the impact on the economy.