ڕاپۆرت
In the first quarter of 2026, eight major oil and gas companies Aramco, Shell, TotalEnergies, ExxonMobil, BP, Equinor, Chevron, and Eni — recorded a combined profit of $58.71 billion. This compares to $51.53 billion during the same period in 2025.
بڵاوکراوەتەوە لە : 24 ئایار 2026
قەبارەی دەقەکان
قەبارەی دەقەکان
🔹 In the first quarter of 2026, the eight major oil and gas companies — Aramco, Shell, TotalEnergies, ExxonMobil, BP, Equinor, Chevron, and Eni — generated a combined $58.71 billion in profits. This compares with $51.53 billion in the same period of 2025, meaning their profits increased by 14%, or $7.18 billion. A major reason behind the increase was the rise in oil and gas prices. The average price of a barrel of Brent crude oil rose from $75.83 to $79.62, marking a 5% increase per barrel between the two periods.
🔹 In the first quarter of 2026, Saudi oil giant Aramco recorded the highest profit among all companies, with net earnings totaling $32.04 billion. This compares to $25.51 billion during the same period in 2025, representing an increase of 26%, or $6.53 billion.
🔹 The company that recorded the largest decline in profits was U.S.-based ExxonMobil. Its net profit fell from $7.71 billion in the first quarter of 2025 to $4.18 billion, a decrease of 46%, or $3.53 billion.
🔹 British oil company BP increased its profits by 132% in the first quarter of 2026 compared with the same period last year, rising from $1.38 billion to $3.2 billion.
Profits of Major Oil Companies in the First Quarter of 2025 and 2026
In the first quarter of 2026, the eight major oil and gas companies — Aramco, Shell, TotalEnergies, ExxonMobil, BP, Equinor, Chevron, and Eni — recorded combined profits of $58.71 billion, compared to $51.53 billion during the same period in 2025. This represents a 14% increase, or $7.18 billion, in total profits. A major factor behind the increase was the rise in oil and gas prices, with the average price of Brent crude oil increasing from $75.83 to $79.62 per barrel, a rise of 5% between the two periods.
However, despite the overall rise in profits among most major oil companies due to higher oil and gas prices during the first quarter of 2026, the profits of five companies increased, while three companies experienced declines. Financial performance for some companies was negatively affected by reduced production in several countries due to the Iran–U.S. conflict. Specifically:
First:
Saudi company Aramco recorded the highest profit in the first quarter of 2026, reaching $32.04 billion. Compared to the same period in 2025, its profits increased by 26%, or $6.53 billion, up from $25.51 billion.
Second:
Shell, a multinational energy company, ranked as the second most profitable company after Aramco. During the first three months of 2026, its profits increased by 24% compared to the same period last year, rising from $5.58 billion to $6.91 billion.
Third:
French energy company TotalEnergies ranked third in profits, after Aramco and Shell, in the first quarter of 2026, earning $5.81 billion. Compared to the same period in 2025, profits increased by $1.96 billion, or 51%, up from $3.85 billion.
Fourth:
U.S.-based ExxonMobil recorded the largest decline in profits during the first quarter of 2026, with earnings reaching $4.18 billion. Compared to the same period in 2025, profits fell by 46%, or $3.53 billion, from $7.71 billion.
Fifth:
British company BP ranked fifth among the highest-profit oil companies in the first quarter of 2026, earning $3.2 billion. Compared to the same period in 2025, profits increased by $1.82 billion, or 132%, rising from $1.38 billion.
Sixth:
Norwegian company Equinor ranked sixth among the top-profit companies in the first quarter of 2026, recording profits of $3.1 billion. Compared to the same period in 2025, profits increased by $470 million, or 18%, up from $2.63 billion.
Seventh:
U.S.-based Chevron ranked seventh among the most profitable oil companies in the first quarter of 2026, with profits totaling $2.21 billion. Compared to the same period in 2025, profits decreased by $1.29 billion, or 37%, down from $3.5 billion. This marked one of the largest declines in profitability.
Eighth:
Italian company Eni ranked eighth in the first quarter of 2026, earning $1.26 billion. Compared to the same period in 2025, profits declined by $11 million, or 8%, down from $1.37 billion.
Source:
Energy Research Unit, Profits of Major Oil Companies in the First Quarter of 2026 (Infographic), May 10, 2026.
