War on Iran Boosts Oil Company Profits and European Gas Prices

Major oil companies are expecting a jump in third-quarter profits after the US-Israeli war on Iran boosted refining and trading results, and investors are watching how they will use their cash reserves. Meanwhile, European gas prices have hit their highest level since winter 2022.

AI-written summary of 2 sources; every verified point is backed by a verbatim quote. How Iyan works

• Major oil companies are expected to post a significant jump in third-quarter profits, thanks to refining and trading results.

  «Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results»

  Miami Herald
• Investors will be watching how wisely companies use their cash balances.

  «investors will monitor how wisely they use their cash piles»

  Miami Herald
• European gas prices exceeded 89 euros per megawatt-hour, their highest level since winter 2022.

  «سجلت أسعار الغاز الأوروبي تجاوزها حاجز 89 يورو للميغاوات/ساعة، وهو أعلى مستوى منذ شتاء 2022»

  الجزيرة نت

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