# Nine oil majors forecast to earn over $95bn amid Iran war disruption

- URL: https://talkfuse.com/story/nine-big-oil-firms-on-track-to-share-more-than-95bn-profit-two-quarters-in-a-row/
- Published: 2026-11-02T07:00:34+00:00
- Updated: 2026-11-02T07:22:33+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/2026/nov/02/nine-of-world-biggest-oil-firms-95bn-profit-third-quarter-iran-war
- Topics: Art, Business, Culture, Middle East, World

## Key points

- Nine major oil firms are on course for more than $95bn in quarterly profits.
- Aramco is forecast to make $30bn; BP reported $8.46bn.
- Campaigners want oil companies to fund the shift to renewables.

## Summary

Nine of the world’s largest listed oil producers are expected to report more than $95bn in combined profits for the third quarter, as the Iran war disrupted supplies and drove up fossil fuel prices. The figures have renewed calls for oil companies to contribute towards climate damage and the shift to renewable energy, while households face higher energy costs.

AJ Bell’s analysis covers the three months to the end of September and follows combined profits of $96bn in the previous quarter. Saudi Aramco is forecast to report net income of about $30bn, up 7%, while BP has already reported $8.46bn in quarterly profits, its highest since 2008. Refining gains helped lift earnings, and campaigners are urging the UK government to avoid tax breaks for Rosebank, a proposed North Sea oilfield whose approval is under consideration.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.