Oxfam: Fossil fuel companies projected to earn almost $3,000 a second in 2026.

From a report released on the eve of the first global conference on ‘Transitioning Away from Fossil Fuels‘, which takes place in Santa Marta, Colombia:

Six of the biggest fossil fuel companies are projected to earn $2,967 a second in profits in 2026, new Oxfam research finds, ahead of the first global conference this week on Transitioning Away from Fossil Fuels in Santa Marta, Colombia. This marks an increase of almost $37 million a day compared to the 2025 profits of these six corporations – Chevron, Shell, BP, ConocoPhillips, Exxon and TotalEnergies. Their total projected fossil fuel profits of 2026 are $94 billion: enough to provide solar power for the energy needs of almost 50 million people in Africa.

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