Oil Giants Surge to Record Highs on War-Driven Oil Rally
Western oil majors jumped to record market values as the Iran–Israel conflict sent crude prices higher, with Shell, ExxonMobil and Chevron leading a roughly $130bn rise in value over two weeks and windfall forecasts for US majors (~$63.4bn) and BP/Shell (~£5bn) amid supply disruptions such as Qatar LNG force majeure and renewed calls for windfall taxes.