# Major oil firms post $93bn profits amid war and climate crisis

Major oil companies have reported combined profits of $93 billion, driven by high energy prices during ongoing conflicts. The figure draws scrutiny as the industry profits while consumers face higher costs and climate goals remain unmet. It underscores the tension between corporate earnings and global crises.

**Importance:** 4/5

## Sources

### Business
- [The Guardian Biz](https://www.theguardian.com/business/ng-interactive/2026/aug/04/revealed-major-oil-firms-make-93bn-profits-amid-war-and-climate-crisis) — Tue, 04 Aug 2026 17:49:16 GMT