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fossil fuel profits

As millions face energy destitution, Shell reports record profits of $11.5 billion

July 28, 2022By Andy RowellBlog Post 2 Comments

Oil giant Shell has just posted record profits for a second consecutive quarter, smashing its previous record from earlier this year.

U.S. Oil and Gas Companies Set to Make Tens of Billions More from Wartime Oil Prices in 2022

March 29, 2022By OCI TeamBlog Post, Featured, News, Press Releases

As American families continue to be hammered by skyrocketing gasoline prices, U.S. oil and gas companies are poised to reap tens of billions in windfall profits thanks to high wartime prices.

European and U.S. Energy Companies are Responsible for Nearly USD 100 Billion to Putin’s War Chest Since Crimea Invasion

March 25, 2022By OCI TeamBriefings, Featured, Resources 1 Comment

New analysis finds that revenues from oil and gas projects backed by European and U.S. companies have fueled Vladimir Putin’s regime to the tune of nearly USD 100 billion since 2014.

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