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Oil companies make $93 billion in profits between the Iran war and heatwaves .
Germany🏛️ PoliticsLean Progressive4 hr. ago

Oil companies make $93 billion in profits between the Iran war and heatwaves .

The article reports that eight major oil companies, including Saudi Aramco, BP, Shell, and ExxonMobil, earned nearly $93 billion in profits between April and June 2026 during the Iran war and heatwaves. This marks a significant increase compared to the previous year’s earnings of around $50 billion. The Guardian analyzed the quarterly financial data, noting that these companies generated over $700,000 in profit per minute during this period. Saudi Aramco emerged as the strongest beneficiary, with a 34% rise in profits to over $33 billion despite infrastructure damage from drone and rocket attacks. The article highlights the role of oil companies in climate change, citing data from Carbon Majors and a study published in Nature that links their emissions to increased heatwaves. It also notes that the top 14 emitters account for 30% of harmful emissions, with Saudi Aramco, ExxonMobil, Chevron, and others among them. BP’s new CEO defended the company’s profits by emphasizing efforts to address the situation, though the company has reduced investments in renewable energy and plans to sell its biogas division.

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n-tv logon-tvIndependentCenterFactual 65Objective 45yesterday
Oil companies are reaping huge profits - n-tv.de

The article reports that oil companies are recording substantial profits, highlighting their financial success amid ongoing energy market dynamics. It focuses on the profitability of major oil corporations, likely referencing recent industry trends and economic indicators. The piece does not delve into specific policies, regulations, or controversies surrounding these companies, but rather emphasizes their current earnings. No detailed data or contextual information about market conditions or governmental influence is provided. The tone remains factual, presenting the information without overtly positive or negative commentary.

Bias read (Center): While the subject of oil companies' profits is politically charged, the article presents the information in a neutral manner without clear ideological framing. There is no evident emphasis on one side over another, nor any explicit advocacy or criticism of government policy or corporate behavior. As

Why factuality (65): The article reports that oil companies are earning substantial profits, which aligns with cross-source consensus indicating rising profits in the oil sector due to high energy prices and reduced supply. However, the lack of specific data or figures limits the factual depth, making it less precise th

Why objectivity (45): The tone is somewhat sensational, using phrases like 'satte Gewinne' (substantial profits) which may imply an emotionally charged narrative. The article lacks balance by not mentioning potential negative factors such as environmental concerns or market volatility.

Der Spiegel logoDer SpiegelIndependentProgressive4 hr. ago
Oil companies make $93 billion in profits between the Iran war and heatwaves .

The article reports that eight major oil companies, including Saudi Aramco, BP, Shell, and ExxonMobil, earned nearly $93 billion in profits between April and June 2026 during the Iran war and heatwaves. This marks a significant increase compared to the previous year’s earnings of around $50 billion. The Guardian analyzed the quarterly financial data, noting that these companies generated over $700,000 in profit per minute during this period. Saudi Aramco emerged as the strongest beneficiary, with a 34% rise in profits to over $33 billion despite infrastructure damage from drone and rocket attacks. The article highlights the role of oil companies in climate change, citing data from Carbon Majors and a study published in Nature that links their emissions to increased heatwaves. It also notes that the top 14 emitters account for 30% of harmful emissions, with Saudi Aramco, ExxonMobil, Chevron, and others among them. BP’s new CEO defended the company’s profits by emphasizing efforts to address the situation, though the company has reduced investments in renewable energy and plans to sell its biogas division.

Bias read (Progressive): The article frames the issue of oil company profits within the context of global conflicts and climate crises, highlighting the disproportionate gains of fossil fuel firms while linking their activities to environmental harm. It emphasizes the negative impact of these corporations on climate change,

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