en.Wedoany.com Reported - Financial reports released on July 31 by U.S. companies ExxonMobil and Chevron show that the two oil giants saw a surge in second-quarter profits due to rising oil prices driven by the Middle East conflict.

Data shows that ExxonMobil achieved a profit of $14.525 billion in the second quarter, significantly higher than the $4.183 billion in the first quarter and the $7.082 billion in the same period last year.

ExxonMobil stated that although the Middle East conflict impacted its upstream operations in the region, excluding the Middle East, the company's second-quarter upstream production reached its highest level in over 20 years.

Chevron's financial report shows that the company achieved a profit of $12.072 billion in the second quarter, significantly higher than the $2.21 billion in the first quarter and the $2.49 billion in the same period last year.

Chevron stated that the year-over-year profit increase in the second quarter was primarily due to reliable operations, higher commodity prices, improved refining product sales margins, and increased sales volumes.