Business & Finance · Companies · 20 outlets (L 7 · C 6 · R 4 · 3 not rated)
ExxonMobil and Chevron report blowout profits as Trump touts high oil prices
ExxonMobil and Chevron reported better-than-expected third-quarter results Friday, benefiting from higher prices and record production.[4, 8] Bloomberg reported that ExxonMobil, Chevron, BP, Shell and TotalEnergies posted combined adjusted net income of $56.3 billion, surpassing expectations.[9] The New York Times reported that the 50 largest US oil and gas companies earned over $130 billion from April to September, almost triple what they made in the same period of 2025.[5, 6]
NBC News said oil prices remain sharply elevated due to the US war with Iran, and CNBC reported diesel prices surged globally as Ukraine and Iran bombed refineries in Russia and the Middle East.[10, 13] President Trump said at a campaign rally in Georgia last weekend that oil companies are making a "freaking fortune" and that oil prices are "temporarily high."[2] Sky News reported BP's profits hit an 18-year high, surpassing the level seen during the 2022 energy crisis.[20]
350.org said oil companies cannot continue to reap the rewards of fossil fuels while households face rising energy bills.[1] The International Business Times reported that executives are largely sticking with existing investment plans rather than rushing to expand capacity.[12]
Covered by The New York Times, NBC News, New York Post and 17 more
Read first ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices
Where accounts differ (1)
- FramingCrooks and Liars describes the conflict as an "illegal, unprovoked war against Iran" that Trump joined Israel in launching, while NBC News neutrally attributes elevated oil prices to "the U.S. war with Iran" and reports Trump touting the benefits of high prices.[2, 13]
- Crooks and Liars · Left · Oct 29, 7:49 p.m. ET Oil Giants Post Record Profits As Trump Brags ‘We’re Making A Freaking Fortune’
As oil giant Shell posted its third-quarter profits Thursday, the “freaking fortune” President Donald Trump mentioned last weekend at a campaign rally in Georgia became clear. The president had noted that oil prices are…
- NBC News · Center · Oct 30, 10:35 a.m. ET ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices
The two largest U.S. oil companies, ExxonMobil and Chevron reported blowout profits as oil prices remain sharply elevated due to the U.S. war with Iran.
- Crooks and Liars · Left · Oct 29, 7:49 p.m. ET Oil Giants Post Record Profits As Trump Brags ‘We’re Making A Freaking Fortune’
How balanced is this coverage?
Of the 17 rated outlets that covered it, 7 are left of center (3 of them in the Left group), 6 are center and 4 are right of center (3 of them in the Right group). 3 more are not rated.
- Left: Truthout (−2.23), Common Dreams (−1.73), Crooks and Liars (−1.26).
- Leans left: The New Republic (−1.09), MS NOW (−0.76), The New York Times (−0.70), The Guardian (−0.70).
- Center: NBC News (−0.49), Fortune (−0.25), ABC News (−0.19), International Business Times (−0.14), Bloomberg (+0.08), CNBC (+0.40).
- Leans right: New York Post (+0.64).
- Right: Washington Examiner (+1.34), IJR (+1.52), Fox Business (+1.66).
Not rated Financial Times, Los Angeles Times, Sky News. Not placed: they have no lean score.
Each dot is an outlet that covered it, placed by its audience-lean score (Eady et al. 2025), which measures who shares its links, not how accurate it is. The ticks under the line are all 113 rated outlets Tare reads.