Exxon CEO sees “more to come” on price spikes from Iran war as Exxon, Chevron beat on earnings

Exxon Mobil CEO Darren Woods predicted that crude oil and fuel prices will continue to surge higher in the weeks ahead if the Strait of Hormuz remains blockaded. Both Exxon and Chevron are projecting big profit gains in the ongoing second quarter due to higher prices, despite some Middle Eastern operations remaining disrupted.

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