Big Oil Reaping Billions in War Windfall

An analysis reveals that major fossil fuel companies, including those in Saudi Arabia and Russia, are projected to earn an additional $234 billion by the end of 2026, profiting significantly from global conflicts.

15 Apr, 11:02 — 15 Apr, 11:02

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The GuardianMostly Factual132d ago

$30m an hour: big oil reaping huge war windfall from consumers, analysis finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026 Middle East crisis – live updates Business live – latest updates The world’s top 100 oil and gas companies banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian. Saudi Aramco, Gazprom and ExxonMobil are among the biggest beneficiaries of the bonanza, meaning key ...

By Damian Carrington Environment editor

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Big Oil Reaping Billions in War Windfall

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$30m an hour: big oil reaping huge war windfall from consumers, analysis finds

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