Nine big oil firms to make over $95bn profit in two quarters

The day's news in five stories, every morning and evening. Summarized by AI from trusted sources, so you don't have to read it all.

Nine big oil firms to make over $95bn profit in two quarters
Nine major oil companies are expected to make more than $95bn in profit in the third quarter due to rising fuel prices caused by the war in the Middle East. Calls are growing for these companies to use their profits to address environmental damage and support the shift to renewable energy.
Why it matters: The large profits from oil companies highlight the impact of geopolitical tensions on energy prices and the ongoing debate about how these companies should use their resources.
Sources: The Guardian Business

Get the briefing by email