Exxon, Chevron reap $31 billion profit from energy crunch

Gas prices in excess of $7 a gallon are displayed at a Chevron gas station on Oct. 3 in Mill Valley, California, as gas prices surge in the state. (Justin Sullivan/Getty Images/TNS)

Exxon Mobil Corp. and Chevron Corp. amassed more than $30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.