Supermajors poised to report strong earnings amid oil price surge driven by U.S.-Iran tensions and Hormuz disruptions.
Major oil companies are expected to post significant second-quarter profits as oil and gas prices surged due to escalating geopolitical tensions. Prices quadrupled earlier this year after U.S. and Israeli strikes on Iran led Tehran to block the Strait of Hormuz, a critical chokepoint for global oil shipments.
Governments, including the Trump administration and European policymakers, have expressed frustration over the windfall gains. The last comparable spike occurred during the 2022 energy crisis, though current tensions have intensified supply concerns more abruptly.
Markets are closely monitoring the earnings reports for signs of sustained price pressures and potential policy responses from energy-dependent nations.