Saudi Aramco generated the highest profits, reporting a 34 per cent increase in its quarterly net income to more than $33billion. Image: ShutterstockData suggests eight of the biggest oil companies made more than $700,000 of profit every minute during the spring quarterEight of the biggest oil companies made profits of more than £67billion in just three months, amid the war in Iran and the ongoing climate crisis, according to new analysis conducted by The Guardian. BP also reported substantial quarterly profits of $5.73billion, the highest since the first year of the Russia-Ukraine war. Shell recorded its second-highest quarterly profits ever, while Equinor’s profits soared to $3.2billion – up from $1.8billion in the same period last year. US President Donald Trump’s criticism of oil companies’ profits.