World’s largest oil companies have made $281bn profit since invasion of Ukraine

In 2022, the big oil companies enriched shareholders with dividend payments and share buy-backs worth $104bn, according to the IEEFA. Photograph: Jim Tanner/Reuters

The world’s five largest listed oil companies have made profits of more than a quarter of a trillion dollars since Russia’s invasion of Ukraine led to dramatic increases in energy prices and household bills.

The “super-majors” – BP, Shell, Chevron, ExxonMobil and TotalEnergies – have made $281bn (£223bn) since the war began in February 2022, according to Global Witness.