'Big Five' Oil Companies Benefit as Others Struggle

Posted : February 19, 2024

In its latest report, the international non-profit organization, Global Witness, has highlighted the staggering profits made by oil's five 'super-majors' in post-war epochs, describing them as the 'main winners of the war'. Meanwhile, an unsettling juxtaposition is occurring whereby a vast number of populations around the globe struggle to afford the basic necessity of heating their homes.
1. Global Witness' latest report points out the staggering profits made by the oil's 'super-majors' in post-war periods, labeling them as the primary beneficiaries of the war.
2. The report draws attention to the disturbing global situation wherein many populations are struggling to afford the basic necessity of heating their homes.
3. According to the international non-profit, war coalitions have significantly invested in these 'super-majors', referring to the five global energy giants.
4. While common citizens face rapidly rising home heating prices, these corporate giants are reaping huge profits from conflict situations.
5. Global Witness asserts that the control of the 'super-majors' over global energy resources imposes a hefty burden on households, in sharp contrast to their skyrocketing revenues.
According to Global Witness, the five largest oil companies - ExxonMobil, Royal Dutch Shell, Chevron, Total, and BP – have made a combined total of $133 billion in profits in 2021 alone.
According to Global Witness, the coalitions of the warfare have significantly invested in these 'super-majors' - an allusion to the five global energy giants. While the ordinary citizens are grappling with escalating home heating prices, these corporate behemoths are profiting profoundly from the conflict. The organization further decries that the grasp of the 'super-majors' on global energy resources places an excessive burden on households, starkly contrasting with their soaring revenues.