Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia roiled energy markets and drove refining results to record highs. Source: Bloomberg Markets · Summarized by HeadlinesBriefing Related articlesSpain inflict Wiegman's heaviest England defeat as World Cup play-offs loomHow will Big Oil spend its $32bn Iran war windfall?Botched final play sees Luka hesitate, LeBron missEurope’s Leaders Lack Tools to Ease War-Driven Energy ShockEngland booed off after limp Japan defeatMore from Bloomberg MarketsUS Employment Cost Growth Stable, Stays Below InflationIndian Stocks Top Performers in Asia as Anti-AI Appeal GrowsUS Natural Gas Drillers Scale Up as Demand GrowsWeil Gotshal Private Equity Partner Blakey to Jump to SimpsonAI Policy Fears Grip Stock, Bond Traders With Midterms Days AwayLatest in Public MarketsCanadian National Railway’s Profit Rises as Freight Demand Lifts Revenue · Wall Street Journal US BusinessWeil’s Ramona Nee in talks to join Kirkland & Ellis · Financial Times CompaniesPartners plans to halve withdrawal limits on strained private equity fund · Financial Times CompaniesDid Anthropic value itself at $1.2tn in August? · Financial Times MarketsGLP-1 pioneer Lotte Bjerre Knudsen: ‘The food industry has to listen’ · Financial Times CompaniesRelated briefingsMarkets 24-Hour BriefingMarkets 8-Hour BriefingHomePublic MarketsBig Oil Scores $56 Billion Windfall on War-Driven Refining SpikeSectionsHomePublic MarketsPrivate MarketsTech & GamesMobileDeveloperF1Sports