global.must
EN
Revealed: major oil firms make $93bn profits amid war and climate crisis
['Jillian Ambrose', 'Damian Carrington']
Guardian Middle East
Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.
The data suggests the eight oil companies – Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron and ExxonMobil – made more than $700,000 of profit every minute over the spring quarter.
It found the emissions from any one of the 14 biggest companies were each enough to cause more than 50 heatwaves that would otherwise have been virtually impossible.
In the US, the profits reported by Chevron and ExxonMobil provoked criticism from Donald Trump.
The eight oil companies were contacted for comment.