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Global oil giants post soaring profits after Middle East war

Philippine Daily Inquirer

PoliticsPhilippine Daily Inquirer·Aug 4, 2026·1 min read

Global oil giants post soaring profits after Middle East war

BP and Saudi Aramco on Tuesday reported sharply higher second-quarter profits, as the Middle East war drove oil and gas prices well above year-ago levels and underscored how energy majors are capitalizing on the market turmoil. BP said net…

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