U.S. oil companies reported more than $130 billion in profits during the Iran war, according to industry figures. The total covers producers and refiners operating in the United States.
That figure was almost three times the amount the same businesses earned in the same period in 2025. The comparison points to a sharp swing in earnings year over year.
Major producers such as Exxon and Chevron were among the companies behind the gains. Refining operations also contributed to the strong results.
Wartime conditions often disrupt global oil supplies and push prices higher. Those price movements can lift margins for companies that produce and process crude.
The scale of the profit increase is likely to draw attention from policymakers and the public. Lawmakers have previously questioned oil companies about earnings during periods of market stress.
Analysts caution that such gains can be temporary. Oil markets remain sensitive to shifts in supply, demand and geopolitical events.
The figures cover a defined period tied to the conflict. Full financial statements from individual companies will offer more detail on how the profits were generated.
