Big Oil Profits Are Soaring While Extreme Heatwaves Scorch the Planet This Summer
13 Articles
13 Articles
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Le Journal de MontrealLarge oil companies seize billions while generating pollution that kills thousands of people, says OXFAM-Québec
‘Making a Killing, Literally and Figuratively’: Big Oil Profits Set to Double Amid Deadly Heat
“Big Oil’s greed is incompatible with a livable planet and unless governments rein it in, they will make a mockery of international climate targets,” said one Oxfam campaigner. Brett Wilkins Common Dreams An analysis published Tuesday highlights how the world’s top fossil fuel companies are expected to rake in nearly twice as much in second-quarter profits as they did during the first quarter of 2026, a windfall that comes as their polluting pro…
'Making a Killing, Literally and Figuratively': Big Oil Profits Set to Double Amid Deadly Heat
"Big Oil’s greed is incompatible with a livable planet and unless governments rein it in, they will make a mockery of international climate targets,” said one Oxfam campaigner.
Big Oil profits are soaring while extreme heatwaves scorch the planet this summer
This summer, millions of people have felt the dire consequences of climate change as they faced extreme, record-breaking heat. And the Big Oil companies fueling those heat waves are seeing their profits soar, a new analysis finds. In the first quarter of 2026, the world’s six biggest oil companies—BP, Chevron, Eni, ExxonMobil, Shell and TotalEnergies—saw a combined net income of $23 billion. For Q2, that figure is expected to nearly double to $…
In the second quarter of 2026, the expected net profits of the six largest fossil fuel companies in the world are expected to double compared to the previous quarter, according to Oxfam's analysis, which recalls that gas and oil emissions are fuelling deadly heat waves.
LONDON – The six largest fossil fuel corporations are about to double their combined net income in the second quarter of 2026, while, in parallel, their emissions fuel the heat waves that punish the planet, said a new investigation by the international coalition against poverty Oxfam. “These corporations are doing a [...]
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