If drivers saddled with pricey fees at the pump have been one of the biggest economic losers of the war in the Middle East, the companies selling that gasoline have emerged as the conflict’s clear winner.
In mid-March, when the war was only two weeks old, market capitalization at the world’s six largest energy firms had surged a combined $130 billion, the Guardian calculated. But it took some companies reporting first quarter earnings this past week to nail down just how much hard cash the conflict has generated for oil giants.
