ExxonMobil's Q2 Profit Jumps $3.7B as Iran Conflict Drives Oil Rally

ExxonMobil reported a $3.7 billion jump in second-quarter earnings, driven primarily by the rise in oil prices triggered by the conflict with Iran. The company linked the profit surge directly to geopolitical tensions in the Middle East. It represents one of the largest quarterly profit increases the oil giant has seen in recent years.