Chevron and Exxon achieve record profits from the oil price boom Comment on this story Suspension The country’s largest oil companies — ExxonMobil and Chevron — saw their profits nearly triple in the second quarter as the Russian war in Ukraine upended global energy markets and left consumers scaling to cover soaring benchmark pump prices. On Friday, Exxon reported net profit of $17.9 billion for the three months ended June 31, compared to $4.7 billion in the same period last year. Revenue was $111 billion, an increase of 68 percent over the same period. Meanwhile, Chevron posted a profit of $11.6 billion, compared to $3.1 billion in 2021. Sales were $64 billion, up 80 percent from last year. The huge results come a day after Europe-based Shell also reported record profits: The three companies, plus France’s TotalEnergies, combined generated nearly $51 billion last quarter, nearly double what they did during the same three months in 2021, According to Reuters . The astonishing results are mostly related to the West’s efforts to punish Russia for the unprovoked attack on its neighbor by cutting off its energy sales.