---
title: "High fuel prices likely to linger with or without continued Iran war, Exxon and Chevron say"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294592796.md"
description: "Exxon Mobil and Chevron warn that high fuel prices will likely persist due to critically tight global refining capacity, exacerbated by geopolitical disruptions in the Middle East and Russia. Both companies reported record Q2 refining profits as utilization rates hit near-maximum levels. With inventories approaching historical lows and demand remaining strong, executives anticipate upward pressure on product pricing into the third quarter and beyond."
datetime: "2026-08-02T02:06:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294592796.md)
  - [en](https://longbridge.com/en/news/294592796.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294592796.md)
generator: "portal-rs"
---

# High fuel prices likely to linger with or without continued Iran war, Exxon and Chevron say


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**