Houston-based oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher

Houston-based oil companies have seen significant increases in profits. 53 billion in second-quarter profits, which is a substantial increase from the same time last year. The company's profits are up 105% from the previous year.

Chevron also experienced a notable increase in profits, with its earnings nearly quadrupling. Further details on the profits of these Houston-based oil companies can be found through Houston Public Media, including the full reports from Exxon Mobil and Chevron.