💼 Business 1d ago · Kristin Toussaint

Big Oil profits are soaring while extreme heat waves scorch the planet this summer

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Big Oil profits are soaring while extreme heat waves scorch the planet this summer
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This summer, millions of people have felt the dire consequences of climate change while facing 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 $45 billion, according to an Oxfam report based o

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