Oil Change International | Data Driven, People Powered.

The world’s five largest international oil companies (IOCs) and five largest U.S. independent refiners made over US$65 billion in profits in the second quarter of 2026 as conflicts in the Persian Gulf and Ukraine spiked oil prices and caused refined fuel supply constraints. As thousands die in the relentless bombardments of drones and ballistic missiles, the oil and gas industry reaps windfall profits in a year that was looking to be a loser before the bombs started falling.

They say the truth will come out. It might take years or decades, but finally the truth will eventually come out. For decades, in what has become a multi-generational fight, the communities of the Niger Delta have fought Shell for its rampant pollution and environmental devastation.

Private investment alone won’t deliver the energy transition. National development banks can, says Adam McGibbon of Oil Change International.

The people of Nepal just faced a deadly glacial flood caused by a fossil fueled climate crisis they did not create. Wealthy, high-emitting countries must urgently fill the Loss and Damage Fund, provide grant-based climate finance at the scale needed, and end the fossil fuel expansion driving this destruction.

Le rapport révèle comment le géant pétrolier français TotalEnergies, premier importateur de gaz naturel liquéfié (GNL) en Europe, s'approvisionne à 71% auprès des États-Unis et de la Russie. Les dirigeants des deux pays ayant menacé ou attaqué l'Europe, dépendre de leurs ressources énergétiques pose un risque sécuritaire. Pour atteindre ses objectifs de sécurité, de coûts de l’énergie et de climat, l’Europe doit sortir des énergies fossiles de façon juste, accélérer les efforts d’efficacité énergétique et passer aux énergies renouvelables.

French oil giant TotalEnergies’ LNG into Europe risks European security, affordability, and climate goals. Total has imported three times as much LNG to Europe than any other company in recent years, and most of that LNG comes from the US and Russia. Europe’s best path to achieving security, affordability, and climate goals is to equitably phase out fossil fuels, accelerate energy efficiency, and transition to renewable energy.

French oil giant TotalEnergies’ LNG into Europe risks European security, affordability, and climate goals. Total has imported three times as much LNG to Europe than any other company in recent years, and most of that LNG comes from the US and Russia. Europe’s best path to achieving security, affordability, and climate goals is to equitably phase out fossil fuels, accelerate energy efficiency, and transition to renewable energy.

Research by Oil Change International (OCI) and Centre for Research on Multinational Corporations (SOMO), supported by Data Desk, reveals how two little-known private companies have become important traders of crude oil to Israel.

This factsheet highlights three key reasons why further weakening export finance climate policy would be a costly move for Germany and the planet. We also reveal the very real consequences of Germany’s fossil fuel support in Brazil,  providing a snapshot of the kind of climate-harming projects Germany may continue to support if the government does not strengthen its current policy.