12/08/2026
The world’s five biggest oil companies made $48 billion in just three months.
That’s $535m a day, or $22m every hour.
As the US-Israel war on Iran and closure of the Strait of Hormuz pushed oil prices higher, their quarterly earnings more than doubled.
Meanwhile, wildfires, drought and rising energy costs are hitting people hard all around the world.
In a global climate crisis, fossil fuel giants are still cashing in.