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business Feb 25, 2026, 11:45 AM
Oil supermajors reap massive profits amid Ukraine war and energy crisis - Five major oil companies reported nearly $500 billion in profits since the beginning of the war in Ukraine, from February 2022 to January 2026.
- These earnings contrast sharply with the financial struggles of households in Europe facing high energy bills and rising costs amid the energy crisis.
- The substantial profits and shareholder payouts have sparked debates over the oil sector's commitment to climate goals and calls for fair taxation to address economic inequality and support for clean energy initiatives.
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2026 All rights reserved
2026 All rights reserved