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"publishedAt": "2026-04-27T10:36:54.000Z",
"site": "https://humenglish.com",
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"Big Oil’s $3,000-a-second windfall fuels calls for green transition",
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"textContent": "WEB DESK: The world’s leading energy giants are set to rake in staggering profits in 2026, with six major firms projected to generate nearly $3,000 (£2,350) in profit every single second.\n\nAccording to a new report by Oxfam Intermón, the combined annual surplus for Chevron, Shell, BP, ConocoPhillips, ExxonMobil, and TotalEnergies is expected to reach approximately $94b.\n\nThis colossal accumulation of wealth by the \"Big Six\" comes at a time of heightened scrutiny over the role of fossil fuel dividends in the global economy and their impact on the escalating climate crisis.\n\n### The widening gap between profit and public will\n\nThe report sheds light on a stark disconnect between the financial trajectory of the petroleum industry and the aspirations of the global public.\n\nWhile these corporations continue to post record-breaking margins, polling data highlighted by Oxfam suggests that international support for renewable energy investment now vastly outweighs the desire for expanded fossil fuel production.\n\nThis tension underscores a growing frustration among citizens who see the vast resources of the private sector being directed toward traditional extraction rather than the rapid decarbonisation required to meet international climate targets.\n\n### A catalyst for the clean energy debate\n\nAs the \"Big Six\" prepare for another year of unprecedented gains, the pressure on governments to intervene is mounting.\n\nAdvocates for a \"just transition\" argue that these profits provide a moral and financial mandate for increased windfall taxes to fund green infrastructure.\n\nThe Oxfam findings suggest that the current market dynamics are increasingly out of step with a world demanding a shift toward cleaner energy systems.\n\nWith $94b on the table, the debate is no longer about whether the funds for a green transition exist, but rather where the political will lies to redirect them.\n\nThe post Big Oil’s $3,000-a-second windfall fuels calls for green transition appeared first on HUM News English.",
"title": "Big Oil’s $3,000-a-second windfall fuels calls for green transition"
}