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ChevronRevenue

Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon

What happened

Chevron reported $70.06 billion in revenue for the second quarter, a 56% increase year-over-year.

Source

fortune.comJul 31, 2026By Cathy Bussewitz, The Associated Press

Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon

Article excerpt

American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at one point reached $126. The money that oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year. Gasoline, diesel and jet fuel prices climbed during that period, increasing costs for drivers and airline passengers. Supplies ran low in some countries, leading to sporadic fuel rationing in Australia and government office closures in Nepal and Sri Lanka. The attacks between the U.S. and Iran resulted in huge profits for some of the biggest publicly traded oil companies as they sold their goods for higher prices. Exxon Mobil on Friday reported doubling its second-quarter profits to $14.53 billion, up 105% from the same time a year ago. The oil giant, based in Spring, Texas, brought in $116.02 billion in revenue, up 42% from the same time last year. Chevron...

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Extracted from this sentence

Chevron , based in Houston, nearly quadrupled its profits to $12.07 billion, up 385% from the same quarter last year, and reported $70.06 billion in revenue, up 56% from the same time last year.

Extracted by Autobound

From the Signal API record
Event
Revenue

What this signalsRevenue results often set the next budget cycle.

Amount named
$70.1B
Location
Houston, Texas, United States

More revenue signals at other companies

The full record

From the Signal API record

Numbers

Amount named in the story
$70.1B

Extraction

Confidence
90%
Detected
Jul 31, 2026
signal_type
news
signal_subtype
has_revenue

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9f965b50-ca32-d84d-1bd6-6a210bc366b8 returns this record as JSON. POST /v1/companies/enrich returns every signal for chevron.com.

{
  "signal_id": "9f965b50-ca32-d84d-1bd6-6a210bc366b8",
  "signal_type": "news",
  "signal_subtype": "has_revenue",
  "detected_at": "2026-07-31T12:42:10+00:00",
  "company": {
    "name": "Chevron",
    "domain": "chevron.com"
  },
  "data": {
    "url": "https://fortune.com/2026/07/31/chevron-exxon-profits-iran-war-gas-prices/",
    "title": "Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon",
    "author": "Cathy Bussewitz, The Associated Press",
    "excerpt": "American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S . impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz , a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at one point reached $126. The money that oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year. Gasoline, diesel and jet fuel prices climbed during that period, increasing costs for drivers and airline passengers. Supplies ran low in some countries, leading to sporadic fuel rationing in Australia and government office closures in Nepal and Sri Lanka. The attacks between the U.S. and Iran resulted in huge profits for some of the biggest publicly traded oil companies as they sold their goods for higher prices. Exxon Mobil on Friday reported doubling its second-quarter profits to $14.53 billion, up 105% from the same time a year ago. The oil giant, based in Spring, Texas, brought in $116.02 billion in revenue, up 42% from the same time last year. Chevron...",
    "summary": "Chevron reported $70.06 billion in revenue for the second quarter, a 56% increase year-over-year.",
    "location": "Houston, Texas, USA",
    "planning": false,
    "image_url": "https://fortune.com/img-assets/wp-content/uploads/2026/07/AP26210523354923-e1785501715700.jpg?resize=1200,600",
    "confidence": 0.9,
    "published_at": "2026-07-31T12:42:10Z",
    "location_data": [
      {
        "city": "Houston",
        "state": "Texas",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Chevron , based in Houston, nearly quadrupled its profits to $12.07 billion, up 385% from the same quarter last year, and reported $70.06 billion in revenue, up 56% from the same time last year.",
    "amount_normalized": 70060000000
  }
}

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