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2 min read Fossil fuels

As world battles deadly heatwaves, oil and gas profits set to nearly double

“Fossil fuel corporations are making a killing, literally and figuratively."
Melodie Michel
Melodie Michel
As world battles deadly heatwaves, oil and gas profits set to nearly double
Photo by Mike Newbry on Unsplash

In a summer marked by deadly heatwaves and wildfires across Europe, the world’s top six fossil fuel corporations expect profits to skyrocket, according to a new Oxfam report.

BP, Chevron, Eni, ExxonMobil, Shell and TotalEnergies are announcing record profits for Q2 2026: a projected US$45 billion in total, up from US$23 billion in Q1. 

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