Business NewsMajor oil companies reap massive profits as US and Iran fighting drives energy prices higherMassive profits amid fightingAmerican oil and gas giants reported raking 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. That resulted in huge profits for some of the biggest publicly traded oil companies as they sold their goods for higher prices. That likely resulted in elevated profits for some of the biggest publicly traded oil companies as they sold their goods for higher prices. The money oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year. Exxon and Chevron weren’t as profitable in the first quarter due to the way oil is traded; the first real opportunity they had to take advantage of higher prices oil was in April.