ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices

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AI Fusion Summary

ExxonMobil and Chevron reported blowout windfall profits as oil prices remain sharply elevated due to the U.S. war with Iran. These multibillion-dollar earnings reports arrive at an awkward time for the GOP, as high gas prices loom over the upcoming election. Meanwhile, Trump has touted the benefits of these high oil prices. The two largest U.S. oil companies continue to see significant financial gains while energy costs impact the broader political landscape.
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