Energy · 5 views
Big Oil Cashes in on Trump Campaign Investment, Doubles Earnings Compared to Last Year
Washington, DC — Big Oil companies have begun to release their quarterly earnings.
AI Summary
Shell said its Q3 2026 earnings were nearly double those of the same quarter last year, marking its strongest profit period since 2022 and attributing the rise to market shifts after Russia’s invasion of Ukraine. Earnings from other major oil firms—BP, ExxonMobil, Chevron and TotalEnergies—are projected to total about $53 billion for the quarter. A U.S. Congressional Joint Economic Committee report found that Donald Trump’s personal wealth from oil and gas stocks increased by as much as $35.8 million, linking his gains to the same market dynamics.
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