ExxonMobil and Chevron report that their combined profits rise sharply in the latest quarter, with results boosted by higher oil prices linked to the ongoing Iran conflict. MarketWatch says the companies’ combined profits quadruple in roughly three months, reaching more than $26 billion for the second quarter, with an increase of more than 300%. CNBC similarly reports that Exxon and Chevron’s second-quarter profits surge, attributing the gains to rising oil prices that are moving in response to the Iran war. The outlets both connect the profit jump to broader energy-market dynamics rather than to a single company-specific operational change. Taken together, the reports describe a steep increase in earnings over the quarter period, driven by improved pricing conditions for oil and related products during heightened geopolitical tension involving Iran. The companies issue the results as investors assess how conflict-driven price volatility continues to affect major producers’ financial performance.