US petroleum giants ExxonMobil and Chevron released blowout profits Friday, reflecting a major lift in business conditions from the Middle East war that easily offset negative effects at both companies.

The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.

Shell's profit more than doubles to $9.8 billion amid rising oil prices. Crude oil reaching a new all-time high by December 31 at 14.5% YES.