Hard Numbers

US oil companies fill their coffers

Lottie Tellyn

While the average American household has spent $1,100 more on gas and diesel since the start of the Iran war, oil companies have been profiting from higher fuel prices. The same 50 US oil and gas companies made less than $47 billion in profits over the same period in 2025. Meanwhile, US President Donald Trump boasted that the US was making a “freaking fortune” from oil at a rally last week. Polls show most Americans feel the opposite.

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