Help me understand. Brent crude went way up.
So of course in order to stay solvent, oil companies raised gas prices for the consumer.
Yet they end up with a profit of 45 billion in the second quarter of this year.
That’s weird.
@rbreich.bsky.socialThe 6 largest oil companies will collectively rake in $45B in profits in the second quarter of 2026 — nearly double what they made in the first quarter.
Meanwhile, Canada, France, and Spain are battling record-breaking wildfires spurred by the climate crisis.
Big Oil profits while the world burns.