Oil Majors Double Profits in Europe in Latest Quarter - CleanTechnica
Both companies topped revenue estimates as refining profits surged, while Exxon missed earnings forecasts and Chevron’s Venezuela operations helped lift results.
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8 Articles
Oil Majors Double Profits in Europe in Latest Quarter - CleanTechnica
As wildfires rage across Europe, T&E calls for a permanent tax on the windfall profits being made off the back of European drivers. Just eight oil companies¹ have made €7.5 billion in excess profits² in Europe in the first half of 2026, new T&E analysis shows. With oil prices shooting back ... [continued] The post Oil Majors Double Profits in Europe in Latest Quarter appeared first on CleanTechnica.
BP, Shell, Eni, Orlen, Repsol, and OMV: these oil companies more than doubled their profits in Europe in the first half of 2026 compared to the same period in 2025, according to an analysis by the NGO Transport & Environment published on Monday, August 17. This represents €7.5 billion in exceptional profits. The French company TotalEnergies, for its part, earned more than €1 billion more than last year, in the European Union alone. Transport & (…
War, energy prices, sanctions, international corporations, or political decisions: For years, many European countries have been struggling with high inflation. Many people feel this particularly acutely in their rent, food, electricity, insurance, or everyday shopping. But what do you see as the main causes of rising prices? Inflation in Europe has many possible causes, from the Russian war of aggression against Ukraine […] The article "Kontrast…
Together, eight oil tankers, including TotalEnergies and Moeve, obtained €7.5 billion in surplus profits in the EU during the first half of the year, which is the result of an analysis published this Monday by Transport & Environment.
Six of the largest oil companies operating in the European Union (EU) - BP, Shell, Eni, Orlen, Repsol and OMV - more than doubled profits in the region in the second quarter, in homologous terms, driven by the conflict in the Middle East.
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