Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Evening Standard

Business

Mark Banham

Oil giants report record results amid petrol and energy price hikes

Oil Chevron Exxon Shell Petrol Exxon Mobil

Exxon’s reported earnings jumped to $17.9 billion in second quarter
(Picture: AFP PHOTO/Karen BLEIERKAREN BLEIER/AFP/Getty Images)

The three largest western world oil companies Exxon Mobil, Chevron and Shell have in total surged to record financial results in the second quarter of the year as fuel and energy prices spike across the world.

Profits for the largest global oil companies have had a jarring impact on consumers faced with skyrocketing petrol prices and energy bills that could reach more than £3,880 at their highest in the UK next year. Russia’s invasion of Ukraine has also caused global logistics issues for oil and gas supply.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

EU denies US pressure behind withdrawal from disinformation conference

EU denies US pressure behind withdrawal from disinformation conference

The European Union has denied that pressure from the United States prompted it to withdraw its logo from a major conference on disinformation in Lithuania, insisting that the decision was instead linked to the way organisers had drawn up the programme.

Radio France Internationale

Suspect linked to bombing of Ukrainian oligarch in Monaco claims Kyiv intelligence ordered attack

Suspect linked to bombing of Ukrainian oligarch in Monaco claims Kyiv intelligence ordered attack

Former Ukrainian security service officer was accused of killing woman who allegedly planted bomb

The Independent UK

Two Hurricanes, Two Coasts: Hurricane Isaias could strengthen to Cat 3 as category 4 Simon threatens Pacific Coast

Two Hurricanes, Two Coasts: Hurricane Isaias could strengthen to Cat 3 as category 4 Simon threatens Pacific Coast

Hurricane Isaias is set to strengthen into a Category 3 storm just before it makes landfall in either Florida, Mississippi, or Alabama. The National Hurricane Center has issued storm surge warnings and alerts for hurricane conditions in impacted regions. In a similar vein, Hurricane Simon is on track to become…

The Economic Times

Dallas County Records First West Nile Death of 2026 as Officials Warn Cooler Weather Has Not Ended Threat

Dallas County Records First West Nile Death of 2026 as Officials Warn Cooler Weather Has Not Ended Threat

A Dallas County man in his 60s has died of West Nile virus, the county's first death of 2026. Officials urge residents to keep using repellent.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

Condemnation comes amid fierce backlash from US lawmakers who branded the move ‘grotesque’ and compared it to actions of some terror groups and oppressive governments

The Guardian - US

Isaias strengthens to become first Atlantic hurricane of 2026 season

Isaias strengthens to become first Atlantic hurricane of 2026 season

Storm expected to make landfall on US’s northern Gulf coast with risk of flash floods and isolated river flooding

The Guardian - UK

Related Stories

Top stories on inkl right now

EU denies US pressure behind withdrawal from disinformation conference

EU denies US pressure behind withdrawal from disinformation conference

The European Union has denied that pressure from the United States prompted it to withdraw its logo from a major conference on disinformation in Lithuania, insisting that the decision was instead linked to the way organisers had drawn up the programme.

Radio France Internationale

Suspect linked to bombing of Ukrainian oligarch in Monaco claims Kyiv intelligence ordered attack

Suspect linked to bombing of Ukrainian oligarch in Monaco claims Kyiv intelligence ordered attack

Former Ukrainian security service officer was accused of killing woman who allegedly planted bomb

The Independent UK

Two Hurricanes, Two Coasts: Hurricane Isaias could strengthen to Cat 3 as category 4 Simon threatens Pacific Coast

Two Hurricanes, Two Coasts: Hurricane Isaias could strengthen to Cat 3 as category 4 Simon threatens Pacific Coast

Hurricane Isaias is set to strengthen into a Category 3 storm just before it makes landfall in either Florida, Mississippi, or Alabama. The National Hurricane Center has issued storm surge warnings and alerts for hurricane conditions in impacted regions. In a similar vein, Hurricane Simon is on track to become…

The Economic Times

Dallas County Records First West Nile Death of 2026 as Officials Warn Cooler Weather Has Not Ended Threat

Dallas County Records First West Nile Death of 2026 as Officials Warn Cooler Weather Has Not Ended Threat

A Dallas County man in his 60s has died of West Nile virus, the county's first death of 2026. Officials urge residents to keep using repellent.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

Condemnation comes amid fierce backlash from US lawmakers who branded the move ‘grotesque’ and compared it to actions of some terror groups and oppressive governments

The Guardian - US

Isaias strengthens to become first Atlantic hurricane of 2026 season

Isaias strengthens to become first Atlantic hurricane of 2026 season

Storm expected to make landfall on US’s northern Gulf coast with risk of flash floods and isolated river flooding

The Guardian - UK

Our Picks

Travis Barker shares Kourtney Kardashian’s bold first move: ‘Something crazy’

Couple were friends for 15 years before becoming a couple around 2020

The Independent UK

‘My dog’s built her own fashion community’: how canine companions stole the fashion week spotlight

Our four-legged friends are turning heads from Louis Vuitton to Schiaparelli – but what does their presence in the most exclusive of spaces say about the industry’s changing attitudes?

The Guardian - UK

Mystery of why big dogs age faster than small ones finally solved

Researchers analyzed the health of more than 860 dogs

The Independent UK

I'm Italian American, but I Don't Celebrate Columbus Day.

The holiday brings out many of the worst excesses of identity politics.

WWE Star Stephanie Vaquer Sets Social Media Ablaze With Nude Photo Wearing Nothing but Her Championship Belt

WWE Women's World Champion Stephanie Vaquer has attracted widespread attention after sharing a revealing photograph featuring her title, days before defending it against Liv Morgan and Becky Lynch.

International Business Times UK

‘Striking and personal’ self-portrait by David Bowie up for auction

Sotheby’s said the self-portrait created by the musician in 1996 will go on sale next week.

Evening Standard

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play